Which of the following is included in M1 in India?

CA Foundation · Business Economics · MTP · April 2025
Which of the following is included in M1 in India?
(A) A. Time deposits
(B) B. Currency with the public and demand deposits
(C) C. Bonds and shares
(D) D. Treasury bills

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Currency with the public and demand deposits

Topics: Money Market

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