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
Answer (1)
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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