Indian Economy
Fiscal deficit in the Union Budget means

the difference between current expenditure and current revenue
the sum of budgetary deficit and net increase in internal and external borrowings
net increase in Union Governments borrowings from the Reserve Bank of India
the sum of monetized deficit and budgetary deficit

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

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

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