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
all of the listed here
tax sharing

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Indian Economy
Subsidies mean

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

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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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