The RBI has been publishing four alternative measures of money supply – InterviewSolution

1.

The RBI has been publishing four alternative measures of money supply in India since 1977. On the basis of this.(a) Complete the following table:(b) Identify aggregate monetary resource. TermComponentsM1 ......M2 ......M3 ......M4 .....

Answer»

Term	Components
M₁	Currency + Demand Deposist + other deposist
M₂	M₁ + Savings deposits with Post Office savings banks
M₃	M₁ + Net time deposits of commercial bank
M₄	Total deposits with Post Office savings organisations (excluding National Savings Certificates)

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