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
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
Which organization regulates remittance inflows in Pakistan?
A) SECP
B) State Bank of Pakistan
C) Ministry of Finance
D) Federal Board of Revenue
How do remittances contribute to Pakistan’s economy?
A) Increase imports
B) Strengthen foreign exchange reserves
C) Reduce tax revenue
D) Increase inflation
Which government initiative facilitates legal remittance transfers?
A) Naya Pakistan Certificate
B) Roshan Digital Account
C) Benazir Income Support Program
D) Ehsaas Program
Which sector in Pakistan benefits the most from remittances?
A) Agriculture
B) Real Estate
C) Information Technology
D) Manufacturing
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
Which region has the highest number of overseas Pakistanis?
A) North America
B) Europe
C) Middle East
D) South Asia
Which financial product is designed to attract overseas Pakistanis’ investments?
A) Prize bonds
B) Roshan Digital Account
C) Fixed deposits
D) Mutual funds
Which city in Pakistan receives the highest amount of remittances?
A) Islamabad
B) Lahore
C) Karachi
D) Peshawar
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
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
Which international financial institution supports Pakistan in managing remittances?
A) World Bank
B) IMF
C) WTO
D) ADB
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
What is the approximate annual remittance inflow to Pakistan in recent years?
A) $5 billion
B) $10 billion
C) $20 billion
D) $30 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
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
Which currency is most commonly used for remittances to Pakistan?
A) US Dollar
B) British Pound
C) Saudi Riyal
D) UAE Dirham
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
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
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
Which country has the highest number of Pakistani expatriates?
A) Canada
B) United Kingdom
C) United Arab Emirates
D) Australia
Which remittance method is most secure and efficient?
A) Bank transfers
B) Hundi/Hawala
C) Hand delivery
D) Postal money orders
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
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
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
Which global event significantly impacted remittance flows to Pakistan?
A) FIFA World Cup
B) COVID-19 pandemic
C) Olympic Games
D) Brexit
Which financial service is specifically designed for overseas Pakistanis?
A) Roshan Digital Account
B) National Savings Account
C) Corporate Banking Services
D) Microfinance Loans
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