Indian Economy
If the RBI adopted an expansionist open market operations policy, this means that it will

offer commercial banks more credit in the open market
openly announce to the market that it intends to expand credit
buy securities from non-government holders
sell securities in the open market

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Indian Economy
In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines

to lend more easily for industrial development
to setup more foreign exchange banks
to reduce the freedom given to banks to rationalize their existing branch network
to govern entry of new private sector banks to make the banking sector more competitive

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Indian Economy
Depreciation means

closure of a plant due to labour trouble
loss of equipment over time due to wear and tear
closure of a plant due to lock out
destruction of a plant in a fire accident

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