Discussion
As per RBI's Working Group on Money Supply, postal deposits are a part of which of the following:
Answer: C
In the classification of the Working Group on Money Supply, the measure that includes the postal savings deposits is M2, which is M1 plus the savings deposits with post office savings banks. M3 adds the time deposits with banks, and L1 and the other liquidity aggregates are broader. The key gives M2, option C. The classification of the Working Group on Money Supply (1977) set out M1, M2, M3 and M4.
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