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:

[A] 1 only

[B] 1 and 2 only

[C] 1 and 3 only

[D] 1, 2 and 3

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: Source