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With reference to the World Bank’s latest Migration and Development Brief on remittances, consider the following statements:
1. Remittances to Ukraine, which is the largest recipient in Europe and Central Asia, are expected to rise by over 20 percent in 2022.
2. The top five recipient countries for remittances in 2021 were India, Mexico, China, the Philippines, and Egypt.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
With reference to the World Bank’s latest Migration and Developm...
Officially recorded remittance flows to low- and middle-income countries (LMICs) are expected to increase by 4.2 percent in 2022 to reach $630 billion.
  • This follows an almost record recovery of 8.6 percent in 2021, according to the World Bank’s latest Migration and Development Brief released today.
  • Remittances to Ukraine, which is the largest recipient in Europe and Central Asia, are expected to rise by over 20 percent in 2022.
  • The top five recipient countries for remittances in 2021 were India, Mexico (replacing China), China, the Philippines, and Egypt.
  • India topped the list in the world receiving USD 89 billion in remittance followed by Mexico at USD 54 billion, and China at USD 53 billion last year.
  • Among economies where remittance inflows stand at very high shares of GDP are Lebanon (54 percent), Tonga (44 percent), Tajikistan (34 percent), Kyrgyz Republic (33 percent), and Samoa (32 percent).
Hence both statements are correct.
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With reference to the World Bank’s latest Migration and Development Brief on remittances, consider the following statements:1. Remittances to Ukraine, which is the largest recipient in Europe and Central Asia, are expected to rise by over 20 percent in 2022.2. The top five recipient countries for remittances in 2021 were India, Mexico, China, the Philippines, and Egypt.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to the World Bank’s latest Migration and Development Brief on remittances, consider the following statements:1. Remittances to Ukraine, which is the largest recipient in Europe and Central Asia, are expected to rise by over 20 percent in 2022.2. The top five recipient countries for remittances in 2021 were India, Mexico, China, the Philippines, and Egypt.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the World Bank’s latest Migration and Development Brief on remittances, consider the following statements:1. Remittances to Ukraine, which is the largest recipient in Europe and Central Asia, are expected to rise by over 20 percent in 2022.2. The top five recipient countries for remittances in 2021 were India, Mexico, China, the Philippines, and Egypt.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the World Bank’s latest Migration and Development Brief on remittances, consider the following statements:1. Remittances to Ukraine, which is the largest recipient in Europe and Central Asia, are expected to rise by over 20 percent in 2022.2. The top five recipient countries for remittances in 2021 were India, Mexico, China, the Philippines, and Egypt.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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