send mail to support@abhimanu.com mentioning your email id and mobileno registered with us! if details not recieved
Resend Opt after 60 Sec.
By Loging in you agree to Terms of Services and Privacy Policy
Claim your free MCQ
Please specify
Sorry for the inconvenience but we’re performing some maintenance at the moment. Website can be slow during this phase..
Please verify your mobile number
Login not allowed, Please logout from existing browser
Please update your name
Subscribe to Notifications
Stay updated with the latest Current affairs and other important updates regarding video Lectures, Test Schedules, live sessions etc..
Your Free user account at abhipedia has been created.
Remember, success is a journey, not a destination. Stay motivated and keep moving forward!
Refer & Earn
Enquire Now
My Abhipedia Earning
Kindly Login to view your earning
Support
Type your modal answer and submitt for approval
Which of the following is not a part of Broad Money in India?
Demand Deposits with Banks
Currency with the Public
Time Deposits with Banks
Banks’ deposits with RBI
Broad money refers to the amount of money in circulation in a given economy. It is characterised as the most comprehensive approach of assessing a country's money supply, taking into account narrow money as well as other assets that can be quickly changed into cash to purchase goods and services. In India, Broad money is represented by M3 and M4
Broad Money includes public cash, commercial bank demand deposits and net time deposits, and total post office savings deposits. It has a lower liquidity level. M3 and M4 are symbols for broad money. In option 4th the term "Bank deposit with RBI" is incorrect because it is " other deposit with RBI"
Note: Other deposits are the deposits held by the RBI of all economic units except the government and banks. OD includes demand deposits of semi-government public financial institutions like IDBI IFCI etc. foreign central banks and governments the International Monetary Fund the World Bank etc.
Broad money does not include the interbank deposits such as deposits of banks with RBI or other banks. At the same time, time deposits of public with all banks including the cooperative banks are included in the Broad Money.
Broad money does not include assets, such as long-term dated securities and shares. Although these can be sold, they are not included in terms of broad money because they fall in the category of assets rather than money.
Hence option 4th is incorrect.
By: Gagandeep Singh ProfileResourcesReport error
Vinay Kumar
Much Appreciated please
sir! i think money that can easily and at the earliest invested may defined as narrow money. and case and easily available money is that part of same. M3 nad M4 are considered as Broad money because they have TD of Bank and post simultaneously. please guid
Not in terms of investment but in terms of easily availability in which liquidity is more is defined as narrow money rest is fine
demand deposits and currency in carculation are also not the broad money
Broad Money includes public cash, commercial bank demand deposits and net time deposits, and total post office savings deposits. It has a lower liquidity level. M3 and M4 are symbols for broad money. In option 4th the term "Bank deposit with RBI" is incorrect because it is " other deposit with RBI" Note: Other deposits are the deposits held by the RBI of all economic units except the government and banks. OD includes demand deposits of semi-government public financial institutions like IDBI IFCI etc. foreign central banks and governments the International Monetary Fund the World Bank etc.
Access to prime resources
New Courses