Question : Calculate M1 from the following-
Currency with public- 82000
Demand deposits with banks- 34000
Other deposits with RBI- 4563
Total deposits with Post office- 2240
Time deposits with banks- 2,45,000
Post office savings bank deposits- 2683
Option 1: 120562
Option 2: 120561
Option 3: 120564
Option 4: None of the above.
Answer (1)
27th Jan, 2024
Correct Answer:
None of the above.
Solution :
M1= Currency with the public + Demand deposits + Other deposits with RBI-
M1= 82000+34000+4563
M1= 120563
Hence Option D is correct.
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