Gross National product at market prices is denoted by $GNP_{MP}.$

$=GDP_{MP}+NFIA$

The correct answer is option (3) : $=GDP_{MP}+NFIA$

$GNP_{MP}$ is the value of all the final goods and services that are produced by the normal residents of India and is measured at the market prices, in a year. GNP refers to all the economic output produced by a nation’s normal residents, whether they are located within the national boundary or abroad. Everything is valued at the market prices.

$=GNP_{MP}$ = $=GDP_{MP}+NFIA$