Current Affairs

Remittances and Overseas Pakistanis MCQs with Answer

Which country is the largest source of remittances for Pakistan?
A) United States
B) Saudi Arabia
C) United Arab Emirates
D) United Kingdom

Answer
B) Saudi Arabia

What is the primary channel used by overseas Pakistanis to send remittances?
A) Informal money transfers
B) Hundi/Hawala
C) Banking channels
D) Cash courier services

Answer
C) Banking channels

Which organization regulates remittance inflows in Pakistan?
A) SECP
B) State Bank of Pakistan
C) Ministry of Finance
D) Federal Board of Revenue

Answer
B) State Bank of Pakistan

How do remittances contribute to Pakistan’s economy?
A) Increase imports
B) Strengthen foreign exchange reserves
C) Reduce tax revenue
D) Increase inflation

Answer
B) Strengthen foreign exchange reserves

Which government initiative facilitates legal remittance transfers?
A) Naya Pakistan Certificate
B) Roshan Digital Account
C) Benazir Income Support Program
D) Ehsaas Program

Answer
B) Roshan Digital Account

Which sector in Pakistan benefits the most from remittances?
A) Agriculture
B) Real Estate
C) Information Technology
D) Manufacturing

Answer
B) Real Estate

Which institution provides incentives for overseas Pakistanis to invest in Pakistan?
A) Pakistan Stock Exchange
B) Overseas Pakistanis Foundation (OPF)
C) National Savings
D) Pakistan Tourism Development Corporation

Answer
B) Overseas Pakistanis Foundation (OPF)

Which region has the highest number of overseas Pakistanis?
A) North America
B) Europe
C) Middle East
D) South Asia

Answer
C) Middle East

Which financial product is designed to attract overseas Pakistanis’ investments?
A) Prize bonds
B) Roshan Digital Account
C) Fixed deposits
D) Mutual funds

Answer
B) Roshan Digital Account

Which city in Pakistan receives the highest amount of remittances?
A) Islamabad
B) Lahore
C) Karachi
D) Peshawar

Answer
C) Karachi

Which factor significantly affects remittance inflows to Pakistan?
A) Fluctuations in global oil prices
B) Increase in local production
C) Government taxation policies
D) Ban on foreign travel

Answer
A) Fluctuations in global oil prices

Which of the following is a major challenge in remittance transactions?
A) High inflation
B) Exchange rate volatility
C) Low demand for foreign currency
D) Lack of employment opportunities

Answer
B) Exchange rate volatility

Which international financial institution supports Pakistan in managing remittances?
A) World Bank
B) IMF
C) WTO
D) ADB

Answer
A) World Bank

Which of the following remittance channels ensures transparency and security?
A) Hundi system
B) Money transfer operators (MTOs)
C) Informal brokers
D) Direct cash transfers

Answer
B) Money transfer operators (MTOs)

What is the approximate annual remittance inflow to Pakistan in recent years?
A) $5 billion
B) $10 billion
C) $20 billion
D) $30 billion

Answer
C) $20 billion

Which ministry in Pakistan deals with overseas Pakistanis’ affairs?
A) Ministry of Finance
B) Ministry of Foreign Affairs
C) Ministry of Overseas Pakistanis and Human Resource Development
D) Ministry of Interior

Answer
C) Ministry of Overseas Pakistanis and Human Resource Development

Which of the following best describes the impact of remittances on poverty in Pakistan?
A) Increases poverty
B) No effect on poverty
C) Reduces poverty levels
D) Creates economic instability

Answer
C) Reduces poverty levels

Which currency is most commonly used for remittances to Pakistan?
A) US Dollar
B) British Pound
C) Saudi Riyal
D) UAE Dirham

Answer
A) US Dollar

Which of the following is an initiative to attract overseas Pakistanis’ savings?
A) Green Energy Program
B) Naya Pakistan Certificates
C) Pakistan Development Fund
D) Real Estate Development Fund

Answer
B) Naya Pakistan Certificates

Which organization provides employment opportunities for Pakistanis abroad?
A) Federal Board of Revenue
B) Bureau of Emigration and Overseas Employment
C) Pakistan Bureau of Statistics
D) State Bank of Pakistan

Answer
B) Bureau of Emigration and Overseas Employment

Which of the following is a key reason Pakistanis migrate abroad for work?
A) Lack of tourism opportunities
B) High demand for skilled and unskilled labor
C) Weak internet connectivity
D) Political instability

Answer
B) High demand for skilled and unskilled labor

Which country has the highest number of Pakistani expatriates?
A) Canada
B) United Kingdom
C) United Arab Emirates
D) Australia

Answer
C) United Arab Emirates

Which remittance method is most secure and efficient?
A) Bank transfers
B) Hundi/Hawala
C) Hand delivery
D) Postal money orders

Answer
A) Bank transfers

What is the impact of remittances on Pakistan’s exchange rate?
A) Strengthens Pakistani Rupee
B) Weakens Pakistani Rupee
C) No impact
D) Reduces foreign exchange reserves

Answer
A) Strengthens Pakistani Rupee

Which of the following is a benefit of using formal remittance channels?
A) Encourages money laundering
B) Ensures transparency and security
C) Reduces foreign investment
D) Increases economic instability

Answer
B) Ensures transparency and security

Which policy can help increase remittances through formal channels?
A) Increasing remittance taxes
B) Offering incentives for legal transactions
C) Banning foreign currency accounts
D) Discouraging overseas employment

Answer
B) Offering incentives for legal transactions

Which global event significantly impacted remittance flows to Pakistan?
A) FIFA World Cup
B) COVID-19 pandemic
C) Olympic Games
D) Brexit

Answer
B) COVID-19 pandemic

Which financial service is specifically designed for overseas Pakistanis?
A) Roshan Digital Account
B) National Savings Account
C) Corporate Banking Services
D) Microfinance Loans

Answer
A) Roshan Digital Account

Which of the following is a challenge faced by overseas Pakistanis?
A) Limited investment opportunities
B) Overemployment in Pakistan
C) Free housing abroad
D) Lack of government policies

Answer
A) Limited investment opportunities

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