If you withdraw ₹1,00,000 in cash from your Demand Deposit Account at your bank, the immediate effect on aggregate money supply in the economy will be

If you withdraw ₹1,00,000 in cash from your Demand Deposit Account at your bank, the immediate effect on aggregate money supply in the economy will be

[UPSC Civil Services Exam – 2020 Prelims]

(a) to reduce it by ₹1,00,000

(b) to increase it by ₹1,00,000

(c) to increase it by more than ₹1,00,000

(d) to leave it unchanged

Answer: (d)

Explanation:

Money supply consists of total currency circulating in the public plus the demand deposits of the public with banks.
Hence, we can write Money Supply = Currency with public + Currency in the bank.
If we look at the equation; when you draw cash from the bank, it goes to the currency in hand but it does not change the value of the money supply.
Hence, there will be no change in the aggregate money supply.

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Consider the following statements: The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

Consider the following statements:

Consider the following statements: The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

Consider the following statements:

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The Ninth Schedule was introduced in the Constitution of India during the prime ministership of

The Ninth Schedule was introduced in the Constitution of India during the prime ministership of [UPSC Civil Services Exam – 2019 Prelims] (a) Jawaharlal Nehru

Categories

Which one of the following Schedules of the Constitution of India contains provisions regarding anti-defection?

The provisions in Fifth Schedule and Sixth Schedule in the Constitution of India are made in order to

Under which Schedule of the Constitution of India can the transfer of tribal land to private parties for mining be declared null and void?

The Ninth Schedule was introduced in the Constitution of India during the prime ministership of

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Categories

Which one of the following Schedules of the Constitution of India contains provisions regarding anti-defection?

The provisions in Fifth Schedule and Sixth Schedule in the Constitution of India are made in order to

Under which Schedule of the Constitution of India can the transfer of tribal land to private parties for mining be declared null and void?

The Ninth Schedule was introduced in the Constitution of India during the prime ministership of

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