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 2005
the year 1995
the year 1998

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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 all receipts and all the expenditure
difference between revenue receipts and revenue expenditure
fiscal deficit less interest payments

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