Error/FAQ/Economy: your Pillar1A2 handout’s formulas for M1 / Narrow money is not matching with RBI website / random google websites.
Ans. The Formulas for M1-M4, Broad/Narrow money in my handout are based on page 38-39 of NCERT Textbook Ref: https://ncert.nic.in/ncerts/l/leec103.pdf
Abhi usmein RBI ke real-life formule ki PHD mat ghusedo else easy topic will become overcomplicated without any incremental benefit in the exam.
If NCERT M1-M4 formulas do not match with RBI website or XYZ website or book or mocktest, then there is nothing to worry.
Because even if UPSC ask a question, you can file complain after the exam is over that options are debatable or wrong, and then UPSC will cancel it- Just like they have done with other debatable questions in recent past.
URL to my latest economy course: https://unacademy.com/course/mrunals-economy-for-upsc-prelims-pcb11-raftaar/CEKEMY3I ( discount Code: 'Mrunal.org')
