Which of the following options does NOT indicate the measures to correct dis-equilibrium (deficit) in the balance of payment position?

None of the above

The correct answer is Option 4: None of the above

Disequilibrium (deficit) means that imports are greater than the exports or inflow of foreign exchange is less than the outflow of foreign exchange.

To correct a deficit in the balance of payments, measures include all the given options:

1. Promoting exports: This helps increase foreign exchange earnings, which can help reduce the deficit.

2. Import substitution: Encouraging the production of goods domestically that were previously imported can reduce import expenditure, helping to address the deficit.

3. Devaluation of domestic currency: This can make exports cheaper and imports more expensive, potentially improving the balance of payments.