New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Personal disposable income is

    : 
    A Always equal to personal income Correct Answer Incorrect Answer
    B Always more than personal income Correct Answer Incorrect Answer
    C Equal to personal income minus indirect taxes Correct Answer Incorrect Answer
    D Equal to personal income minus direct taxes Correct Answer Incorrect Answer

    Solution

    Personal disposable income is the amount of income left after direct taxes (such as income tax) have been deducted from personal income.

    Practice Next

    Relevant for Exams: