Q31. Remittances are included in

a) G.N.P and G.D.P

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b) G.N.P only

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c) G.D.P only

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d) None

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Solution

The correct option is B
b) G.N.P only

ans:B

GNP = GDP + net factor income from abroad

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Similar questions

Q30. Which of the following is/are not included in G.D.P estimation

i) Goods in the inventory of a company

ii) Value of Resale of goods

iii) Social transfers/Transfer payments

iv) Remittances from abroad

How are remittances by NRIs helpful in tackling BoP deficit?

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