Components of Money Supply

    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(ie notes & coins in circulation minus cash with the banks)   plus demand deposits with the bank (deposits which can be withdrawn without notice) plus   other deposits with RBI (usually negligible).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 … Read more

Major types of rocks and their characteristics

  They are aggregates or physical mixture of one or more minerals. Minerals on the other hand are made up of two or more elements in a definite ratio. They have a definite chemical composition. Crust is made up of more than 2000 minerals, but out of these, 6 are the most abundant and contribute … Read more