Which of the following is NOT included in M1?

CA Foundation · Business Economics · PYQS · May 2025
Which of the following is NOT included in M1?
(A) A. Currency with the public
(B) B. Demand deposits with banks
(C) C. Time (term) deposits with banks
(D) D. Other deposits with RBI

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Time (term) deposits with banks

Topics: Money Market

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