Q. In the Indian monetary system, Broad Money (M3) primarily includes:

[A] Currency with public plus all deposits with post offices

[B] M1 plus time deposits with the banking system

[C] Reserve money plus excess reserves held by banks

[D] Demand deposits plus government securities

Answer: B
Notes:

Explanation: Broad Money M3 = M1 + Time deposits with banks, capturing a wider spectrum of money for long-term economic analysis and credit expansion.

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