The sum of which of the following constitutes Broad Money in India ? I. > Currency with the Public II. > Demand deposits with banks III. > Time deposits with banks IV. > Other deposits with RBI Choose the correct answer using the codes given below :

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Submitted by examrobotsa on

Q: 17 (IAS/1997)
The sum of which of the following constitutes Broad Money in India ?
I. Currency with the Public
II. Demand deposits with banks
III. Time deposits with banks
IV. Other deposits with RBI
Choose the correct answer using the codes given below :

question_subject: 

Economics

question_exam: 

IAS

stats: 

0,115,122,29,73,115,20

keywords: 

{'broad money': [0, 1, 0, 0], 'demand deposits': [0, 0, 1, 0], 'rbi': [1, 4, 2, 23], 'other deposits': [0, 1, 0, 0], 'sum': [0, 2, 5, 4], 'banks': [5, 6, 5, 25], 'time deposits': [0, 1, 1, 1], 'india': [8, 1, 7, 13]}

The sum of the following constitutes Broad Money in India:

I. Currency with the Public

II. Demand deposits with banks

III. Time deposits with banks

IV. Other deposits with RBI

Therefore, the correct answer is: I, II, III, and IV.

Broad Money, also known as M3, is a measure of the total money supply in an economy. It includes not only physical currency held by the public (I) but also demand deposits with banks (II), time deposits with banks (III), and other deposits with the Reserve Bank of India (IV). These components together make up the broad money supply in India.

Hence, the correct answer is I, II, III, and IV.