Which of the following measures of money supply in India is known as 'narrow money'? MCQ with Answer and Explanation

Question
Which of the following measures of money supply in India is known as 'narrow money'?
A. M2
B. M1
C. M3
D. M4
Answer: Option B
Solution (By JKSSB Mock Tests)
M1 is referred to as narrow money and consists of currency with the public, demand deposits with banks, and other deposits with RBI. M3 is broad money.
This question belongs to: Economy GK Economy Set 1
Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1
The concept of 'Break-even Analysis' is used to determine:
A. The level of output at which total revenue equals total cost
B. The level of output at which average cost is maximum
C. The level of output at which profit is maximised
D. The level of output at which marginal cost is minimum
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Break-even analysis identifies the output level at which total revenue equals total cost, so that the firm makes neither profit nor loss.
This question belongs to: Economy GK Economy Set 1
Question #2
Treasury bills are issued by:
A. State governments only
B. RBI on behalf of the Central Government
C. commercial banks
D. SEBI
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Treasury bills are short-term debt instruments issued by the RBI on behalf of the Central Government.
This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is NOT a component of the Union Budget of India?
A. Capital Budget
B. Finance Bill
C. Revenue Budget
D. Monetary Policy Statement
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
The Monetary Policy Statement is issued by the RBI. The Union Budget consists of the Revenue Budget, Capital Budget and related documents including the Finance Bill.
This question belongs to: Economy GK Economy Set 1
Explore All Economy Set 1 MCQs
Today's Top Topics
Economy Set 1 2220
Explore Subjects
Maths 5575 Computer 5279 Current Affairs 575 Static General Knowledge 6362 History GK 3374
Practice Mix
Which dance of Nagaland is performed during the 'Moatsu' festival?
The compound interest on Rs. 3000 at 8% per annum for 1 year compounded half-yearly is:
The Right to Education Act was enacted in:
Select the antonym of 'KNOTTY'.
A man buys a book for Rs. 150 and sells it for Rs. 180. What is the gain percent?