CUET-UG Economics / Business Economics Test: Passage 3 — Flashcards | CUET | FatSkills

CUET-UG Economics / Business Economics Test: Passage 3 — Flashcards

Fast review mode: answers are shown by default so you can skim quickly. Hide them if you want to self-test.

Read the following case study paragraphs carefully and answer the question based on the same.    

India's total Money Supply (M3) stood at ' 18907383 crore as on April 9th 2020, recording a rise of 11.3% over the same time last year. Currency with the public stood at ' 2787941 crore, up 16.7% over the year. Demand deposits with banks were up 17% at ' 1867606 crore.    
Time deposits with banks were also up 9.6% at ' 14205545 crore. The bank credit to commercial sector edged up 5.1% on year to ' 11552069 crores. However, this indicates moderation from 7.2% at the same time last year.    

1 of 3 Ready
How does increase in deposits with commercial banks will affect credit creation process?
Credit creation process will increase
Shortcuts
Prev Space Show / hide Next
Turn this into a study set.
Sign in with Google to save tricky questions to your reminder list and resume on any device.
Sign in with Google Free • no extra password