JKSSB Mock Tests

Private income minus tax payment minus non tax payment will give us the estimate for .

A. private income
B. gross income
C. personal disposable income
D. national income
Answer: Option C
Solution (By JKSSB Mock Tests Team)
Personal disposable income represents the actual amount of money households retain for consumption and saving after paying off direct taxes and non-tax obligations to the government.
This Question Belongs to: General knowledge mcqs Economics set 2

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