Calculate M1 from the following money aggregates: Information Amount in crores Currency with Public 5,02,738 Other deposits with the RBI 7016…

CA Foundation · Business Economics · MTP · September 2024
Calculate M1 from the following money aggregates: Information Amount in crores Currency with Public 5,02,738 Other deposits with the RBI 7016 Banker's deposits with the RBI 202,508 Demand deposits 423,120 Time deposits 23,73,636
(A) A. 9,32,874 Cr
(B) B. 3,306,510 Cr
(C) C. 9,25,858 Cr
(D) D. 7,05,246Cr

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. 3,306,510 Cr

Topics: Money Market

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