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Question : Calculate M3 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- 240
Post office savings bank deposits- 260

 

Option 1: 2000

Option 2: 1850

Option 3: 1800

Option 4: 1950


Team Careers360 7th Jan, 2024
Answer (1)
Team Careers360 17th Jan, 2024

Correct Answer: 1850


Solution : M3= Currency with the public + Demand deposits + Other deposits with RBI + Net time deposits with banks
M3= 820+340+450+240
M3= 1850
Hence option B is correct.

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