Consider the following statements:

A. India is World’s second largest remittance recipient according to the World Bank.

B. Singapore replaced Mauritius as top source of FDI into India.

Which of the statements given above is/are incorrect?

A only

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

A and B only

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B only

No worries! We‘ve got your back. Try BYJU‘S free classes today!

None of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A
A only

India is World’s largest remittance recipient according to the world bank. Stronger remittance growth in India reflects improving economic prospects in the United States and continued fiscally-supported economic resilience in the GCC countries that contribute 35 percent of remittances each.

Singapore replaced Mauritius as top source of FDI into India. However in terms of cumulative inflows between April 2000 and September 2015 Mauritius still leads the investment list.

Suggest Corrections

Similar questions

Consider the following statements about India-Singapore relationship:

Which of the above statements is/are correct?

Q23. Consider the following statements.

1. World Hindi Secretariat was inaugurated in Mauritius.

2. The Secretariat is fully financed by Government of India.

Which of the above statement(s) is/are correct?

Join BYJU'S Learning Program