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In case of the new monetary aggregates, the RBI’s refinance to the NABARD, which was earlier part of RBI’s claims on banks, has been classified as part of RBI credit to commercial sector. The ‘Reserve Bank’s credit to the commercial sector’ represents investments in bonds/shares of financial institutions, loans to them and holdings of internal bills purchased and discounted. ‘Government’s currency liabilities to the public’ comprise rupee coins and small coins. Bank credit is often specifically referred, in monetary economics, as a critical variable affecting consumption and capital formation in a direct manner. As such it is often regarded as a more useful indicator of real sector activity than money supply.

OIML Class M1, M2, M3 – Economical weights for general laboratory, industrial, commercial, technical and educational use. These weights are also called as medium accuracy class weights or commercial weights. Heat resistant bricks/ shapes/ monolithic mass used for construction/ lining of reaction vessels/ furnaces.

Money Supply can be defined as the money circulating in an economy. "The ClearIAS platform is highly user-friendly. It is quite easy to revise mock exams on the ClearIAS mobile app. The explanations are short, crisp and clear. Call/Term borrowings from ‘Non-depository’ financial corporations by the Banking System. To distinguish new aggregates from old aggregates, RBI sometimes mentions new aggregates as NM0, NM1, NM2, and NM3. Acre to km is a conversion you should be aware of if you’ve got anything to do with real estate sales or purchases.

m3 meaning

The gains it makes in the process could have been transferred to its reserves and then appropriated in its profit and loss account. This would have given it leeway to transfer higher amounts as dividends to the government. Even though the money supply can be denoted either as M1 or M3, usually when we speak of money supply, we intend M3. M3 includes Currency in Circulation and Checkable Bank’s Deposits. The money supply is the total stock of money circulating in an economy.

The relationship between cubic meters and Liters is quite easy to understand once you understand their values in conversion with each other. Despite having some differences, the conversion between both the units is quite easy as they have a shared history. The cubic meters unit is derived from the SI unit system to estimate the volume or capacity.


GP sheets are normally produced by Hot Deep Galvanising of CR Sheets/Strips in liquid zinc bath. GC sheets are obtained upon corrugating of GP sheets in corrugating machine.GP sheets are also produced by electroplating of zinc on CR sheets/strips when the process is known as Electro-Galvanising. Galvanised sheets are used mainly in roofing, paneling, automobile bodies, Trunks/Boxes etc.

Central bank money - obligations of a central bank, including currency and central bank depository accounts. Square Yards is India’s largest integrated platform for Real Estate & Mortgages and one of the fastest growing Proptech platform in UAE, Rest of Middle East, Australia & Canada. The above-detailed relationship between cubic meters and liters answers how many liters are there in a cubic meter. It is a basic measurement unit of volume among the argos of the metric system.

The value of 1 liter is equivalent to approximately 0.001 cubic meter. The liter is generally used to measure liquids, beverages, and water capacity or volume. The circulating money involves the currency, printed notes, money in the deposit accounts and in the form of other liquid assets. The total stock of money in circulation among the public at a particular point of time is called money supply. Currency in circulation, which measures money with the public and in banks, has also surged.

Increase in Money Supply

Deposits held by the banks on behalf of the other banks do not constitute such demand deposits. Also, this measure is the most stable out of all the others since it includes fewer liquid components. What makes money supply of utmost importance is the fact that it regulates the growth of an economy. An increase in the money supply brings down the interest rates, which leads to a rise in investments by the people.

m3 meaning

Subject to the provisions of sub-section , every banknote shall be legal tender at any place in India in payment or on account for the amount expressed therein and shall be guaranteed by the Central Government. If there was a lot of black money in the country, and people choose not to declare and surrender their high-denomination currency notes, then RBI would have gained to the extent that its currency liabilities are lowered. Terms like Narrow Money and Broad Money are also used to denote money supply. For different calculations, different components are included as ‘money’. A trusted mentor and pioneer in online training, Alex's guidance, strategies, study-materials, and mock-exams have helped many aspirants to become IAS, IPS, and IFS officers. L3 – L2 + + Public deposits of non-banking financial companies.

Money Aggregates: Standard Measures of Money Supply

A naturally occurring mineral from which iron metal is extracted in various forms viz Hot metal/ DRI etc. Alloy steel containing tungsten, vanadium, chromium, cobalt and other metals. Depending upon composition, they are classified as Cobalt Grade and Non-Cobalt Grade. Used as cheaper substitute of Type 304 grade for production of utensils.

m3 meaning

A liter is used to estimate the capacity or volume of beverages, liquids, fluids, or water. The Liters unit is generally used to measure different units throughout the world. Currency in circulation includes notes in circulation, rupee coins and small coins.

Q4. What is the formula to convert liters to cubic meters?

SI/ DRI/HBI is produced by reducing high quality iron ore lumps or iron ore pellets with the help of non-coking coal in Rotary Kiln or with the help of Natural Gas in Shaft Furnace . Solid metallic iron product obtained upon Direct Reduction of high grade iron ore in solid state itself without being converted into liquid form like that in Blast Furnace. Measure of the money supply is the most liquid measure out of all the others because one can easily convert its components into cash.

Concept of the M3 measure of the money supply

Such coals with relatively lower ash and higher fixed carbon are used in metallurgical applications viz. COREX technology based iron plants, Coal based DRI Plant etc, while those with higher ash are normally used in thermal Power Plants as steam coal. So far, NCCs were classified into A, B, C, D, E, F & G grades depending upon its heat value which is a function of carbon and volatile matter and ash content in the coal. Intermediate solid steel products obtained by Hot rolling/Forging of ingots or by Continuous casting of liquid steel are known as Semis. These are called so since they are intended for further rolling/forging to produce finished steel products.

As per my understanding, Bank reserves do not form a part of Monetary base Reserve Money , because Bank reserves are Net non-monetary liabilities of RBI, which is deducted when calculating M0. This number is multiplied by the amount of reserves to estimate the maximum potential amount of the money supply. For example, from Rs.100 can be multiplied by 5 to generate Rs.500 money supply if Reserve Ratio is 1/5 (20%) or when Money Multiplier is 5. When Reserve Ratio is 1/4 (25%) or when Money Multiplier is 4, that would generate only Rs. 400 as money supply. Monetary aggregates are the measures of the money supply in a country. The money supply is the total value of money available in an economy at a point of time.

Steel waste/scrap not usable as such in its existing form which is further re-melted to produce liquid steel to produce various products. Depending on their form/type, they are classified as Heavy Melting Scrap, Light Melting Scrap, Turnings/borings etc. Coke is the residual solid product obtained upon carbonisation of coking coal. Depending upon property, coke is known m3 meaning as Hard Coke, Soft Coke and Metallurgical Coke. Another important consideration in selecting a coal blend is that it should not exert a high coke oven wall pressure and should contract sufficiently to allow the cake/coke to be pushed out from the oven. Based on coking property, coals are broadly classified into two categories namely, Coking Coal and Non-coking Coal.

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