Question

Q.Which of the following is not included while estimating GNP of a country at market price?
(A) Sales of the enterprises
(B) Indirect taxes
(C) Remittances by NRIs
(D) Subsidy

Answer 1

Answer:

a

Explanation:

(a)-is correct option

Answer 2

(C) Remittances by NRIs is not included while estimating the GNP of a country at market price.

• GNP stands for Gross National Product. It is the measure of net output generated by a country's businesses located both domestically and abroad.
• The GNP at market price includes depreciation.
• Remittances by NRIs refer to the money transfers to India from abroad by a non-resident Indian.
• The NRIs employed outside India generally send this money to their friends and family residing in India.
• The formula for measuring the GNP at market price is = GDP at market price + Net factor income from abroad