Indian Economy
The co-operative credit societies have a

two-tier structure
four-tier structure
five-tier structure
three-tier structure

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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
buy securities from non-government holders
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

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

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