Question Details

Detailed explanation and options for the selected question.

Which of the following measures can reduce a trade deficit?

A. Devaluation of domestic currency
B. Increasing import duties
C. Promoting exports
D. All of the above

Explanation:

All the measures can help reduce a trade deficit by encouraging exports and reducing imports.

Related Topics

Regional Rural Banks (RRBs) Reforms

Revision Notes

NABARD’s Role in Rural Development

Revision Notes

Services Sector and Service Exports

Revision Notes

Contract Farming and Value Chains

Revision Notes

Digital Lending and Fintech Regulation

Revision Notes

Cooperative Federalism and Economic Coordination

Revision Notes

Electric Mobility and Vehicle Manufacturing

Revision Notes

Gig Economy and Platform Workers

Revision Notes

Foreign Exchange Reserves and Management

Revision Notes

Social Sector Reforms: Health and Education

Revision Notes