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Question : Calculate M1 from the following-
Currency with public- 820
Demand deposits with banks- 340
Other deposits with RBI- 450
Total deposits with Post office- 220
Time deposits with banks- 250
Post office savings bank deposits- 260


 

Option 1: 1500

Option 2: 1650

Option 3: 1600

Option 4: 1610


Team Careers360 24th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: 1610


Solution : M1= Currency with the public + Demand deposits + Other deposits with RBI-
M1= 820+340+450
M1= 1610
Hence Option D is correct.

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