Which of the following are included in M1 definition of money for the Indian economy?

examrobotsa's picture

Submitted by examrobotsa on

Q: 29 (CDS-I/2024)
Which of the following are included in
M1 definition of money for the Indian
economy?

question_subject: 

Economics

question_exam: 

CDS-I

The M1 definition includes currency and demand deposits with commercial banks, whereas reserves and time deposits are not included.