Indian Economy
National Income estimates in India is prepared by:

Planning Commission
Central Statistical Organisation (CSO)
Reserve Bank Of India
Indian Statistical Institute

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

sell securities in the open market
openly announce to the market that it intends to expand credit
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

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

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