Question : Which of the following is added to the national income to obtain the personal income of the households?
Option 1: Net interest payments
Option 2: Transfer payments from the government and firms
Option 3: Undistributed profits
Option 4: Corporate tax
Latest: SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL complete guide
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: Undistributed profits
Solution : The correct answer is Undistributed profits.
Deducting undistributed corporate earnings, profit taxes, and employee contributions to social security programmes from the national income yields personal income. It does not include unreported corporate profits.
Candidates can download this ebook to know all about SSC CGL.
Admit Card | Eligibility | Application | Selection Process | Preparation Tips | Result | Answer Key
Question : Personal disposable income (PDI) can be defined as ______.
Question : If we deduct depreciation from GNP (gross national income), the measure of aggregate income that we obtain is called _____________.
Question : Which of the following taxes is levied by the state government only?
Question : Which of the following sets of taxes belongs to the Central Government?
Question : An individual's actual standard of living can be assessed by
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile