| Components of Money Supply | |||||
| M1 | Consists of currency with the public (ie notes & coins in circulation minus cash with the banks) | ||||
| plus demand deposits with the bank (deposits which can be withdrawn without notice) plus | |||||
| other deposits with RBI (usually negligible). Also called narrow money | |||||
| M2 | M1 | + saving deposits + Certificate of Deposits (CDs) + term deposits maturing within a year. | |||
| M3 | M2 | + term deposits with maturity more than a year + term borrowing of banking system. Also | |||
| known as broad money. | |||||
| L1 | M3 | + all Deposits with the Post Office Savings Banks (excluding National Savings Certificates) | |||
| L2 | L1 + Term Deposits with Term Lending Institutions and Refinancing Institutions (FIs) + Term | ||||
| Borrowing by FIs+ Certificates of Deposit issued by FIs; and | |||||
| L3 | L2 + Public Deposits of Non-Banking Financial Companies | ||||
Final Destination for Punjab PSC Notes and Tests, Exclusive coverage of PPSC Prelims and Mains Syllabus, Dedicated Staff and guidence for Punjab PSC PPSC Notes brings Prelims and Mains programs for PPSC Prelims and PPSC Mains Exam preparation. Various Programs initiated by PPSC Notes are as follows:-
- PPSC Mains Tests and Notes Program
- PPSC Prelims Exam 2024- Test Series and Notes Program
- PPSC Prelims and Mains Tests Series and Notes Program
- PPSC Detailed Complete Prelims Notes