Solved UPSC CDS/OTA Question
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Q · Money and Types of Moneymoderate · 45s
What does 'M₃' in India's money supply represent?
TopicMoney and Types of Money
Question Typemultiple choice
Difficultymoderate
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
The complete worked solution.
Every step explained - no skipped algebra.
M₃ = M₁ + time deposits of the public with banks.
Final Answer: Option A - M₁ plus time deposits