Which of the following measures is likely to help in improving India’s balance of payments position?

Which of the following measures is likely to help in improving India’s balance of payments position?


Which of the following measures is likely to help in improving India’s balance of payments position?

1. Devaluation of the rupee
2. Encouragement of import substitution
3. Imposition of higher duty on imports.
4. Imposition of higher duty on exports.
Codes:
A) 1,2,3
B) 1,2,3,4
C) 1,3,4
D) 1&2

Answer. D