World Bank’s Remittance Prices Worldwide Database

Current Context: The World Bank has released the report titled ‘World Bank’s Remittance Prices Worldwide Database’.

• As per the report, India became the world’s largest recipient of remittances, as the country has receive USD 87 billion in 2021.
• The USA was the biggest source of India which accounted for over 20% of these funds.
• India was followed by China, Mexico, the Philippines, and Egypt.
• As per the World Bank, India’s remittances will grow by 3% in 2022 i.e. to USD 89.6 billion.
• Static Part: 
• HQ of World Bank: Washington DC, USA
• President of World Bank: David Robert Malpass

Question: 

Q.1 As per World Bank, India became the world’s largest recipient of remittances, as the country has received _____ in 2021?
a. USD 97 billion
b. USD 67 billion
c. USD 77 billion
d. USD 87 billion