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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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