Indian Economy
Our financial system has provided for the transfer of resources from the centre to the states; the important means of resource transfers are

grant-in-aids
loans
tax sharing
all of the listed here

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

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