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
sell securities in the open market
offer commercial banks more credit in the open market
buy securities from non-government holders

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Indian Economy
The budget deficit means

difference between all receipts and all the expenditure
fiscal deficit less interest payments
the excess of total expenditure, including loans, net of lending over revenue receipts
difference between revenue receipts and revenue expenditure

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Indian Economy
Fiscal deficit in the Union Budget means

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

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