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Question
On the basis of the given information, Money Supply (M1) would be ₹ ______ crore.
| S. No. | Components | Amount (in ₹ crore) |
| (i) | Currency held by the Public | 320 |
| (ii) | Net Demand Deposits with Commercial Banks | 260 |
| (iii) | Net Time Deposits with Commercial Banks | 200 |
Options
580
780
675
875
MCQ
Fill in the Blanks
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Solution
On the basis of the given information, Money Supply (M1) would be ₹ 580 crore.
Explanation:
M1 = Currency held by the public + Net Demand Deposits with Commercial Banks
= 320 + 260
= ₹ 580 crore
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