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      Question

      What is the key risk posed by the U.S. proposal of a 5%

      remittance tax on non-citizens?
      A Discourages U.S. diaspora from investing Correct Answer Incorrect Answer
      B Increases remittances through banks Correct Answer Incorrect Answer
      C Encourages use of informal money transfer channels Correct Answer Incorrect Answer
      D Raises government revenue substantially Correct Answer Incorrect Answer
      E Boosts tourism to India Correct Answer Incorrect Answer

      Solution

      The 5% tax could push remittances to informal channels, undermining regulatory oversight and security.

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