1
Question
Q. With respect to the remittances to India, consider the following statements.
Which of the above-given statements is/are correct?
Q. With respect to the remittances to India, consider the following statements.
Which of the above-given statements is/are correct?Open in App
Solution
The correct option is A
1 only
Explanation:
Remittances are money transfers (called remittance) from non-resident Indians (NRIs) employed outside the country to family, friends or relatives residing in the home country. India is the world's top receiver of remittances. The $83 billion of remittances to India in 2019 amounted to 2.8 per cent of its GDP.
Statement 1 is correct: India gets 52.1% of its remittances from these Gulf nations.
Statement 2 is incorrect: UAE is the top source for remittances into India ($13 billion).
1 only
Explanation:
Remittances are money transfers (called remittance) from non-resident Indians (NRIs) employed outside the country to family, friends or relatives residing in the home country. India is the world's top receiver of remittances. The $83 billion of remittances to India in 2019 amounted to 2.8 per cent of its GDP.
Statement 1 is correct: India gets 52.1% of its remittances from these Gulf nations.
Statement 2 is incorrect: UAE is the top source for remittances into India ($13 billion).
Suggest Corrections
0
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
