Indian Economy
With the objective of opening the insurance sector for private participation the Insurance Regulatory and Development Authority Act (IRDA) was passed in:

the year 2005
the year 1990
the year 1995
the year 1998

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

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