GK Express of 19/03/2026
🚆 GK Express 2.0 Discipline • Clarity • Competitive Preparation TODAY’S FOCUS → ECONOMIC AND SCIENTIFIC DEVELOPMENTS 🧠 Thought of the Day “Science is a beautiful gift to humanity; we should not distort it. Economics is the method; the object is to change the heart and soul.” — Dr. A.P.J. Abdul Kalam 📘 Concept of the Day Money Supply in India Why is this Topic Important? Money supply is a key concept in macroeconomics and monetary policy. It affects inflation, interest rates and economic growth. What is Money Supply? Money supply refers to the total amount of money available in an economy at a given time. Liquidity – ease with which money can be used for transactions. Monetary Policy – policy of the central bank to control money supply and interest rates. Measures of Money Supply in India The Reserve Bank of India (RBI) classifies money supply into four categories: M1 (Narrow Money) Currency with public Demand deposits in b...