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.
