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Which of the following measures will not help in improving the Balance of Payments position of India?

  1. A
    Devaluation of the currency
  2. B
    Encouragement of import substitution
  3. C
    Imposition of higher duties on imports
  4. D
    Imposition of higher duties on exports

Solution & Step-by-step Explanation

Imposing higher duties on exports will make Indian goods more expensive and less competitive in international markets, reducing export volume and worsening the Balance of Payments (BoP) position instead of improving it.

Practice this question

Try it yourself before checking the explanation above.

Which of the following measures will not help in improving the Balance of Payments position of India?
A
Devaluation of the currency
B
Encouragement of import substitution
C
Imposition of higher duties on imports
D
Imposition of higher duties on exports

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Balance of PaymentsForeign TradeEconomic Policy

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