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

B. Post office savings deposits

C. National savings certificates

D. Time deposits with banks

Answer: Option A

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

In the context of economic growth models, the Solow model emphasises the role of:

A. Only capital accumulation without technology

B. Technological progress as the key driver of long-run growth

C. Only savings rate

D. Only population growth

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Correct Answer: Option B

Explanation:
The Solow-Swan neoclassical growth model shows that long-run growth in per capita income is driven primarily by exogenous technological progress.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Advance Pricing Agreement' is related to:

A. customs valuation

B. transfer pricing

C. income from salary

D. indirect taxes

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Correct Answer: Option B

Explanation:
Advance Pricing Agreements relate to transfer pricing arrangements.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a feature of the Indian monetary policy framework since 2016?

A. Multiple indicator approach without a nominal anchor

B. Exchange rate targeting

C. Monetary targeting with M3 as the sole intermediate target

D. Flexible inflation targeting with CPI as the nominal anchor

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Correct Answer: Option D

Explanation:
India adopted a Flexible Inflation Targeting framework in 2016, with CPI inflation as the nominal anchor and a target of 4% with a tolerance band of ±2%.

This question belongs to: Economy GK Economy Set 1

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