Multiple Choice Questions on As per the World Bank the Remittances to India likely to decline by how much percent in 2020 du........... for General Knowledge ( All Exams) Preparation

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Multiple Choice Questions

As per the World Bank the Remittances to India likely to decline by how much percent in 2020 du...........

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    As per the World Bank, the Remittances to India likely to decline by how much percent in 2020 due to COVID-19 ?

    23%

    Correct Answer

    17%

    Incorrect Answer

    27%

    Incorrect Answer

    33%

    Incorrect Answer
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    Explanation:
    • According to a World Bank report on the impact of the COVID-19 on migration and remittances, the remittances to India are likely to drop by 23 percent in 2020 to USD 64 billion, due to the Corona virus pandemic, which has resulted in a global recession.
    • This is in contrast with the growth of 5.5 percent and receipts of USD 83 billion in 2019.

    By: Rohit Middha
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