Which of the following is included in M1 in India? MCQ with Answer and Explanation

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Which of the following is included in M1 in India?

A. Post office savings deposits

B. National savings certificates

C. Time deposits with banks

D. Currency with the public plus demand deposits with banks plus other deposits with RBI

Answer: Option D

Solution (By JKSSB Mock Tests)

M1 includes currency with the public, demand deposits with banks and other deposits with the RBI.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'non-plan expenditure' and 'plan expenditure' classification in the budget was removed from which financial year?

A. 2017-18

B. 2020-21

C. 2018-19

D. 2015-16

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Correct Answer: Option A

Explanation:
The plan/non-plan expenditure classification was removed from the 2017-18 budget.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'National Bamboo Mission' is related to:

A. promoting bamboo cultivation and industry

B. silk production

C. wildlife conservation

D. fisheries development

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Correct Answer: Option A

Explanation:
National Bamboo Mission promotes bamboo cultivation, processing and marketing.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' on cloud services is:

A. 5%

B. 18%

C. 12%

D. 28%

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Correct Answer: Option B

Explanation:
Cloud services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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