  We report a detailed investigation of magnetization, magnetocaloric effect
and exchange bias studies on a mixed metal oxide YFe0.5Cr0.5O3 belonging to
perovskite family. Our results reveal that the compound is in canted magnetic
state (CMS) where ferromagnetic correlations are present in an
antiferromagnetic state. Magnetic entropy change of this compound follows a
power law (deltaS_M ~ H^m) dependence of magnetic field. In this compound,
inverse magnetocaloric effect (IMCE) is observed below 260 K while conventional
magnetocaloric effect (CMCE) above it. The exponent m is found to be
independent of temperature and field only in the IMCE region. Investigation of
temperature and magnetic field dependence studies of exchange bias, reveal a
competition between effective Zeeman energy of the ferromagnetic regions and
anisotropic exchange energy at the interface between ferromagnetic and
antiferromagnetic regions. Variation of exchange bias due to temperature and
field cycling is also investigated.
