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

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Indian Economy
Subsidies mean

payment made by companies to shareholders
payment by government for purchase of goods and services
payment made by business enterprises to factors of production
payment made by the government to business enterprises, without buying any goods and services

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