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 1990
the year 1998
the year 1995
the year 2005

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Indian Economy
Gross domestic capital formation is defined as

flow of expenditure devoted to increased or maintaining of the capital stock
net addition to stock after depreciation
expenditure incurred on physical assets only
production exceeding demand

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Indian Economy
Deficit financing implies

printing new currency notes
none of the listed here
public expenditure in excess of public revenue
public revenue in excess of public expenditure

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