Question:
Which one of the following concepts of money supply is called 'Broad Money' in India?
Which one of the following concepts of money supply is called 'Broad Money' in India?
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M3 is a comprehensive measure of the money supply, including currency, demand deposits, and time deposits.
Updated On: Nov 5, 2025
- M1
- M2
- M3
- M4
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The Correct Option is C
Solution and Explanation
M3 is considered 'Broad Money' in India. It includes M2 (which is M1 plus time deposits) and other long-term deposits that contribute to the total money supply in the economy.
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