Question no 1795 SSC CGL Tier 1 Genral Awareness Questions and Answers Free Online Mock Test 42

SSC CGL Tier 1 :: GA Test 42

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1 .

Regarding money supply situation in India it can be said that the :

[ A ] Currency with the public is more than the deposits with the banks.
[ B ] Currency with the public is inconvertible only
[ C ] Currency with the public is almost equal to the deposits with the bank.
[ D ] Currency with the public is less than the deposits with the banks.

Answer : Option A

Explanation :

Regarding Money Supply Situation in India it can be said that the currency with the public is more than the deposits with the banks. Money supply mark to the total volume of money hel d by t he publ ic at a particular point of time in an economy. It’s the total amount of monetary assets available in the economy at a specific time. there are the several standard measure of the money supply like monetary base M1 and M2.

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