Personal Income minus Direct Taxes equals:
Options
ANational Income
BDisposable Personal Income
CPrivate Income
DPer Capita Income
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Determination of National IncomePYQ - Nov 2020 (Inter)Question 105 of 20
All Questions Correct Answer
✅ Option b — Disposable Personal Income
All Options:
- ANational Income
- BDisposable Personal Income
- CPrivate Income
- DPer Capita Income
About This Chapter: National Income
Paper
Paper 4: Business Economics
Weightage
15%
Key Topics
Aggregates, Measurement, Keynesian Theory
A crucial chapter covering national income aggregates like GDP, GNP, NDP, NNP, and the methods of measuring national income (Income, Expenditure, and Output methods). It also introduces Keynesian Theory including the concepts of Aggregate Demand, Consumption Function, and the Multiplier.
View Official ICAI SyllabusExam Strategy Tip
Practice numerical questions on GDP/GNP calculations and the Multiplier. These are guaranteed marks in every exam. Also understand the circular flow of income clearly.
More Questions from Determination of National Income
National Income usually refers to:
Transfer payments are:
Which method is also known as the "Value Added Method"?
GDP deflator is used to measure:
Keynesian consumption function expresses relationship between:
The multiplier effect explains how an initial increase in investment leads to a greater increase in:
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