Question

     Which of the following is a measure of ‘narrow money’ in India?

    A M0 Correct Answer Incorrect Answer
    B M1 Correct Answer Incorrect Answer
    C M2 Correct Answer Incorrect Answer
    D M3 Correct Answer Incorrect Answer
    E M4 Correct Answer Incorrect Answer

    Solution

    The narrow money concept classifies deposits that are extremely liquid or rapidly withdrawable as part of the money supply. Demand deposits, which may be withdrawn rapidly, or check facilities, for example, are accepted as money alongside currencies. This is called narrow money.

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