Economics Jkssb Economics Set 2 Mcqs (342 MCQs) | JKSSB & SSC Quiz

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jkssb economics set 2 mcqs

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Practice Questions

342 Total
Question 341 Discuss
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Which of the following money supply measures is commonly known as the aggregate monetary resources?

A
M 2
B
M 4
C
M3
D
M1

Answer & Explanation

Correct Option: C

The broader M3 metric, which includes currency with the public, demand deposits, and all time deposits with the banking system, is officially known as India's 'aggregate monetary resources'.
Question 342 Discuss
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Based on which committee recommendations, RBI introduced a comprehensive regulatory framework for NBFCMFIs?

A
Gadgil committee
B
Malegam committee
C
Kelkar committee
D
Rangarajan committee

Answer & Explanation

Correct Option: B

In response to the 2010 microfinance crisis, the RBI formed the Y.H. Malegam Committee, whose recommendations directly shaped the stringent regulatory framework for NBFC-MFIs.
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