Question : Calculate M4 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: 2070
Option 2: 2080
Option 3: 2090
Option 4: 2100
Answer (1)
24th Jan, 2024
Correct Answer: 2070
Solution : M4= Currency with the public + Demand deposits + Other deposits with RBI + Net time deposits with banks + Total deposits with post office.
M4= 820+340+450+240+220
M4= 2070
Hence option A is correct.
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