CSE-2019 | Prelims Daily Quiz 76

Daily Quiz for Civil Services Preliminary Examination 2019

Question:

Q. Remittances form a crucial aspect of a nation’s economy, Indian economy in particular. In this context, which of the following statements is/are True?

1. This year, remittances flow to India surpassed $100 billion.

2. Remittances constitute around 3 percent of India’s GDP.

3. One of the SDGs (Sustainable Development Goals) is related to remittances.

 

Select the correct statement/s using the code given below:

a) 1 only

b) 1 and 2 only

c) 2 and 3 only

d) 1, 2 and 3

c) 2 and 3 only 

  • India will retain its position as the world's top recipient of remittances this year with remittance flow of USD 80 billion.
  • In 2017, remittances constituted 2.7 per cent of India's GDP. This year it’s around 2.9 percent of GDP.
  • Global remittances are expected to grow 3.7 per cent in 2019. Reducing global remittance flows to three per cent by 2030 is a global target under Sustainable Development Goal (SDG) 10.7.

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