India's balance of payments position is not likely to be helped in improving by which of the following measures?

Options :
  1. Devaluation of the rupee
  2. Encouragement of import substitution
  3. Imposition of higher duty on imports
  4. Imposition of higher duty on exports
Answer and Explanation :-

Answer: Option 4

Explanation:

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Mom always liked to say that we hardly ever know the decisions we make that change our lives, mostly because they are little ones. You took this bus instead of that one and ended up meeting your soul mate, that kind of thing. But there was no doubt in my mind that this was one of those life-changing moments.
-Rachel Hawkins Demonglass