Economics · Economy
Consider the following statements regarding India’s inward remittances based on recent Reserve Bank of India reports: 1. There has been a gradual decline in the share of inward remittances from Gulf Cooperation Council (GCC) countries, while the share from advanced economies like the US, UK, and Singapore has increased. 2. Maharashtra and Kerala have consistently held the combined top share, accounting for over 50% of the total inward remittances for the last five consecutive years. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither 1 nor 2
- 2Both 1 and 2
- 32 only
- 41 only✓
Correct answer
1 only
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