Indian Economy
Excess of Total Expenditure over total Receipts is

Surplus Budget
None of the listed here
Deficit Budget
Balanced Budget

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Indian Economy
Devaluation of a currency means

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

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

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

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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 govern entry of new private sector banks to make the banking sector more competitive
to reduce the freedom given to banks to rationalize their existing branch network

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