SarkariPYQ

SSC CHSL 2021 PYQ — Question 40

SSC CHSL - 12 April 2021 - Shift 3 • General Awareness • Q40

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Comprehension:
In the following passage, some words have been deleted. Select the most appropriate option
to fill in each blank.
In the 19th century, there was an industrial revolution in Europe. As a result, millions of people
left the (1) ______ and went to work in big factories in cities. Today, it is the reverse. In several
major cities, people have started moving out. Why? They want a cleaner, (2) ______
environment. There are fewer jobs in ‘heavy’ industries like steel and power generation. (3)
______, there are more jobs in service industries like banking, tourism and food delivery.
Besides, modern transport and communications have made it easier for people to (4) ______
to work or even work from home. The result of this revolution in the 21st century will be
‘spread cities’ – cities are growing fast, but (5) ______, away from city centres and people are
choosing to live 40, 50 or 60 kilometres away.

Which of the following formulas related to monetary and liquidity aggregates is NOT correct?

Show answer & explanation

Correct answer: B

Explanation

The correct answer in option 3 i.e. M3 = M1 + Net time deposits of post office savings.

  • Aggregate liquidity refers to the ease of execution for financial transactions for everyone in the entire market where as a monetary aggregate is a formal way of accounting for money, such as cash or money market funds.
  • Aggregate liquidity is highly dependent on the availability of credit in the markets and the size of the money supply whereas Monetary aggregates are used to measure the money supply in a national economy.