Civil Services UPPSC RO ARO 2024-25 Mock Tests Series General Knowledge Economy National Income Accounting
Consider the following statements with respect to Personal Disposable Income :
1. It is the part of the aggregate income which belongs to the households.
2. If we deduct the Personal Tax Payments (income tax, for example) from Personal income, we obtain the Personal Disposable Income.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2