Consider the following: 1. Currency with the public 2. Demand deposits with banks 3. Time deposits with banks Which of these are included in Broad Money (M3) in India?

1. The question asks which components are included in Broad Money (M3) as defined in India. 2. Money supply measures track the total amount of money circulating in an economy. India uses several measures (M0, M1, M2, M3, M4). 3. M1 (Narrow Money) typically includes: - Currency with the public (1) - Demand deposits with banks (2) - 'Other' deposits with the RBI. 4. M3 (Broad Money) is a wider measure and is defined as: - M1 [which includes Currency with the public (1) and Demand deposits with banks (2)] - PLUS Time deposits with banks (3). 5. Therefore, Broad Money (M3) includes all three components listed: Currency with the public (1), Demand deposits with banks (2), and Time deposits with banks (3).