🏫 Board📈 Economics

Money and Supply of Money

3 Board Economics previous year questions on Money and Supply of Money — options free on every question; 1 include the answer & explanation free, the rest unlock with PYQ Pass.

Q1 FREE PREVIEW

In an economy, the currency held by the public, Net Demand Deposits with Commercial Banks, and Net Time Deposits with Commercial Banks stand at ₹1,42,000 crore, ₹22,000 crore, and ₹86,000 crore respectively.

The value of Money Supply (M₁) would be ₹ _______ crore.
(Choose the correct option to fill in the blank)

2,50,000

86,000

1,64,000

1,42,000

✓ Correct answer: c)

1,64,000

Explanation

\(M1=Currencyheldbypublic+NetDemandDeposits\\ M1=1,42,000+22,000\\ M1=₹1,64,000crore\)

For the transaction the most liquid and easiest measure of money is –

M₁

M₂

M₃

M₄

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Read the following statements: Assertion (A) and Reason (R).
Choose the correct option from those given below:

Assertion (A): Money is of perishable nature and is generally accepted by all at any point of time.

Reason (R): Money serves as a store of value, facilitating individuals to transfer purchasing power from the present to the future.

Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).

Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).

Assertion (A) is true, but Reason (R) is false.

Assertion (A) is false, but Reason (R) is true.

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