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in pakistan most of the foreign exchange earning c
Question:
In Pakistan most of the foreign exchange earning come from one among the following. Choose the correct option.
CUET (UG) - 2023
CUET (UG)
Updated On:
Mar 27, 2025
Remittances by local workers in Pakistan
Remittances by the workers in the middle east
Remittances by the World Bank workers in Lahore
Remittances by the Pakistan politicians
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The Correct Option is
B
Solution and Explanation
The correct option is (B): Remittances by the workers in the middle east
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Match List-I with List-II
\[\begin{array}{|c|c|} \hline \textbf{Concepts} & \textbf{Their meaning} \\ \hline \text{(A) Foreign Exchange Swaps} & \text{(I) is a forward contract for standardized currency amounts and selected calendar dates traded on an organized market.} \\ \hline \text{(B) Forward Transaction} & \text{(II) refers to the avoidance of a foreign exchange risk or covering of an open position.} \\ \hline \text{(C) Foreign Exchange Futures} & \text{(III) refers to a spot sale of a currency combined with a forward repurchase of the same currency as part of a single transaction.} \\ \hline \text{(D) Hedging} & \text{(IV) refers to an agreement today to buy or sell a specified amount of a foreign currency at a specified future date at a rate agreed upon today.} \\ \hline \end{array}\]
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