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

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

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Indian Economy
The budget deficit means

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

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