Statement 1: Money supply (M.) in India does not include ‘demand deposits’ with commercial banks. Statement 2: Money supply (My) refers to, assets available with the...

There are Option this Question: Statement 1: Money supply (M.) in India does not include ‘demand deposits’ with commercial banks. Statement 2: Money supply (My) refers to, assets available with the Commercial Banks during a particular period of time. In the light of the given statements, choose the correct alternative. (a) Statement 1 is true and Statement 2 is false. (b) Statement 1 is false and Statement 2 is true. (c) Both statements 1 and 2 are true. (d) Both statements 1 and 2 are false.

The correct answer is - (a) Statement 1 is true and Statement 2 is false.