Indian Economy
Deficit financing leads to inflation in general, but it can be checked if

All of the listed here
government expenditure leads to increase in the aggregate supply in ratio of aggregate demand
only aggregate demand is increased
all the expenditure is denoted national debt payment only

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Indian Economy
Devaluation of a currency means

fall in exchange value of a country by market forces
all of the listed here
reduction in currency value due to wear and tear
reduction in external value/exchange value of currency by the government

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