Q. Gross National Product (GNP) is the GDP of a country added with its ‘income from abroad’. Which of the following is/are part of income from abroad in India?
1. Private Remittances
2. External grants
3. Interest on External loans
Select the correct answer using the codes given below:
Answer: D
Notes:
Gross National Product (GNP) is the GDP of a country added with its ‘income from abroad’. Here, the trans-boundary economic activities of an economy are also taken into account. The items which are counted in the segment ‘Income from Abroad’ is:
- Private Remittances
- Interest on external loans
- External grants
Source: TMH Ramesh Singh
