The sum of which of the following constitutes Broad Money in India? 1. I. Currency with the Public 2. II. Demand deposits with banks 3. III. Time deposits with banks 4. IV. Other deposits with RBI Choose the correct answer using the codes given below:

1. Broad Money in India is typically represented by the monetary aggregate M3. 2. M3 is defined as M1 + Net Time Deposits with the Banking System. 3. M1 consists of: Currency with the Public + Demand deposits with banks + Other deposits with RBI. 4. Therefore, M3 = (Currency with the Public + Demand deposits with banks + Other deposits with RBI) + Time deposits with banks. 5. This means Broad Money (M3) includes all four components listed: I, II, III, and IV. 6. Thus, the sum of I, II, III, and IV constitutes Broad Money in India.