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    Question

    Which one of the following measures is not likely to aid in improving India’s Balance of Payment position?

    A Promotion of Import Substitution Policy Correct Answer Incorrect Answer
    B Devaluation of rupee Correct Answer Incorrect Answer
    C Imposition of higher tariff on imports Correct Answer Incorrect Answer
    D Levying of higher duties on exports Correct Answer Incorrect Answer
    E None of the these Correct Answer Incorrect Answer

    Solution

    Imposition of higher duty on exports is not likely to help in improving India’s balance of payments position.

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