| Column I | Column II | ||
| A. | \[{{M}_{1}}\] | (i) | Narrow Money |
| B. | \[{{M}_{2}}\] | (ii) | Monetary Base |
| C. | \[{{M}_{3}}\] | (iii) | Broad Money |
A) A - (i)
B) B - (ii)
C) C - (iii)
D) All of the above pairs are incorrect
Correct Answer: B
Solution :
Central bank uses different measures of money supply which are arranged based upon the liquidity. \[{{M}_{1}}\]is the most liquid among all, so known as Narrow Money and \[{{M}_{3}}\] is less liquid and the monetary base.
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