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Which of the following is not used to correct adverse balance of payment?


Question

Which of the following is not used to correct adverse balance of payment?

Options

A) Increasing imports

B) Increasing exports

C) Decreasing import

D) Devaluation

The correct answer is A.

Explanation:

Exports should be encouraged by granting various bounties to manufacturers and exporters. At the same time, imports should be discouraged by undertaking import substitution and imposing reasonable tariffs.

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Dicussion (1)

  • Exports should be encouraged by granting various bounties to manufacturers and exporters. At the same time, imports should be discouraged by undertaking import substitution and imposing reasonable tariffs.

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