Calculate Narrow Money M1 from the following data. Currency with public ₹88,000 cr Demand deposit with the banking system ₹2,20,000 cr Time deposit…
CA Foundation · Business Economics · PYQS · January 2025
Calculate Narrow Money M1 from the following data. Currency with public ₹88,000 cr Demand deposit with the banking system ₹2,20,000 cr Time deposit with the banking system ₹2,40,000 cr Other deposits with RBI ₹2,60,000 cr Saving deposits with Post Office Saving Bank ₹50,000 cr
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. ₹6,18,000 cr
Topics: Theory of Demand and Supply, Money Market
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