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The 'Ad hoc Treasury Bill System' of meeting budget deficit in India was replaced by 'Ways and means Advances System' which has come into force on

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The economy of India is a middle income developing market economy. It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity. 


The 'Ad hoc Treasury Bill System' of meeting budget deficit in India was replaced by 'Ways and means Advances System' which has come into force on






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