Which of the following is a true statement?
i. National income refers to the income of individuals of a country
ii.The income at their disposal after paying direct taxes is called disposable income

a. i only

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b. ii only

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c. both

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d. none

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Solution

The correct option is C c. both
Both the given statements are true which says that
1:National income refers to the income of individuals of a country

2:The income at their disposal after paying direct taxes is called disposable income

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Calculate National Income and Personal Disposable Income

$\begin{matrix} (Rs in Crores) (i) & Personal tax & 80 (ii) & Private final consumption expenditure & 600 (iii) & Undistributed profits & 30 (iv) & Private income & 650 (v) & Government final consumption expenditure & 100 (vi) & Corporate tax & 50 (vii) & Net domestic fixed capital formation & 70 (viii) & Net indirect tax & 60 (ix) & Depreciation & 14 (x) & Change in stocks & (-) 10 (xi) & Net imports & 20 (xii) & Net factor income to abroad & 10 \end{matrix}$

Q. An individual receives an income of Rs 1,00,000. He paid income tax at a rate of 2 per cent. What is his disposable income?

Consider the following statements: -

1. National disposable income includes Net National Product at Market prices only.

2. GDP is a measure of National Income/ National output and National expenditure produced in a particular country.

3. GNP includes the value of all goods and services produced by nationals whether in the country a abroad.

4. GNP does not include dividends and interest from abroad in Income.

Which of the above statements is are correct?

Q. In a country, consumption amount is Rs. 900 crore which is 90 percent of its total disposable income. What is the amount of disposable income?

Q. In a country, consumption amount is Rs. 7,200 crore which is 60 per cent of its total disposable income. What is the amount of disposable income?

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Which of the following is a true statement?i. National income refers to the income of individuals of a countryii.The income at their disposal after paying direct taxes is called disposable income

The correct option is C c. bothBoth the given statements are true which says that1:National income refers to the income of individuals of a country 2:The income at their disposal after paying direct taxes is called disposable income

Which of the following is a true statement?
i. National income refers to the income of individuals of a country
ii.The income at their disposal after paying direct taxes is called disposable income

The correct option is C c. both
Both the given statements are true which says that
1:National income refers to the income of individuals of a country

2:The income at their disposal after paying direct taxes is called disposable income