NABTEB Commerce 2024 Objective — Question 18

Question 18 of 50 from the National Business and Technical Examinations Board (NABTEB) Commerce 2024 Objective paper, with the correct answer and a full explanation.

An adverse balance of payment could be corrected through

A. A. increase in imports
B. B. increase in exportsCorrect
C. C. reduction of exports
D. D. removal of tariffs

Explanation

Increasing exports helps correct an adverse balance of payment by boosting foreign exchange earnings.

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