Q: Which of the following are included in the definition of Narrow Money? 1. Currency with the public 2. Demand deposits 3. 'Other' deposits with Reserve Bank of India 4. Banker's deposits with Reserve Bank of India Select the correct answer using the code given below:
(a)1, 2 and 4
(b)1 and 2 only
(c)1, 2 and 3
(d)3 and 4 only
Correct Answer: (c)
The correct answer is (a) '1, 2 and 4'. Among the 4 statements given, this option correctly identifies which statements are accurate regarding Banking & Financial Sector (Indian Economy).