Loading...
UPSC 2002: Consider the following: 1. Currency with the public 2. Demand deposits with banks 3. Time deposits with banks Which of these are included in Broad Money (M3) in India?
(a)1 and 2
(b)1 and 3
(c)2 and 3
(d)1, 2 and 3
Attempt This Question
Not attemptedCorrect Answer: (d) 1, 2 and 3
In RBI terminology, Broad Money (M3) = M1 + time deposits with banks. Since M1 already includes currency with the public and demand deposits, adding time deposits means all three items—currency (1), demand deposits (2) and time deposits (3)—form M3. Hence statements 1, 2 and 3 are all included. ([gktoday.in](https://www.gktoday.in/money-supply/?utm_source=openai))
Related Current Affairs
Related UPSC Questions
More from Monetary Policy & Money Supply
Frequently Asked Questions
What is the correct answer to this UPSC 2002 Indian Economy question?▼
The correct answer is option (d): 1, 2 and 3. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Monetary Policy & Money Supply question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2002, GS Paper 1, as Question 116. It falls under Indian Economy > Monetary Policy & Money Supply.
What is the difficulty level of this UPSC question?▼
This question is rated "easy". It tests basic recall and most well-prepared aspirants should answer it correctly.
How many UPSC Prelims questions have been asked from Monetary Policy & Money Supply?▼
UPSC has asked 27 questions from Monetary Policy & Money Supply (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.