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Money and Its Functions · Question 48 of 57

Question 48

MediumOriginal question

M3 is ₹2,500 crore and net time deposits with banks are ₹1,600 crore. M1 is

Options for question 48

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. M3 = M1 + time deposits, so M1 = 2,500 − 1,600 = ₹900 crore.

Concept
M1 from M3
Typical time
70 s
Your time
—
The rule this testsThe supply of money: M1 to M4
Practise this chapter →

Ten questions from Money and Its Functions, at your own pace.

Practise this chapter →

Ten questions from Money and Its Functions, at your own pace.