Teaching UP PGT Mock Test Series 2024 General Knowledge Economy External Sector and Currency Exchange rate
The balance of payments (BoP) deficit can be reduced by
1. Appreciation of domestic currency
2. Restricting unnecessary imports
3. Providing export subsidies to domestic producers
4. Borrowing from abroad
Select the correct answer using the codes given below:
1
1 and 2 only
2
1 and 4 only
3
2 and 3 only
4
1, 2 and 3