Question -
Which of the following about money supply measures adopted in 1998 is wrong?
Options:
A .  M1= currency with public +demand deposits with banking system + other deposits with RBI
B .  M2= M1 + savings deposits of post office savings bank
C .  M3= M1+ time deposits with banking system
D .  None of the above
Answer: Option D MONEY SUPPLY IS DEFINED AS THE TOTAL QUANTITY OF MONEY CIRCULATING IN THE ECONOMY AT A PARTICULAR TIME. THERE ARE THREE MEASURES OF MONEY SUPPLY M1, M2, AND M3.
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