Solved UPSC CDS/OTA Question
A solved UPSC CDS/OTA PYQ - decoded step-by-step.
Solve it the standard way once - then learn the shortcut.
Q · Money and Types of MoneyMedium · 45s
Q₇. Which of the following statements about narrow money (M₁) in India is correct?
TopicMoney and Types of Money
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
The complete worked solution.
Every step explained - no skipped algebra.
Narrow money (M₁) = Currency with public + Demand deposits with banks + Other deposits with the RBI.
Final Answer: Option B - It includes demand deposits with banks.