Which one of the following forms of money supply is considered as the most widely used in the Indian monetary system?
- A. M1
- B. M2
- C. M3 ✓
- D. M4
Correct Answer: C. M3
Explanation
In the Indian monetary system, M3 is known as "broad money" and is the most comprehensive and widely used measure of the money supply by the RBI.
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