Macro

National Income

Medium

Nation Income – Undistributed profits – Net interest payments made by households – Corporate tax + Transfer payments to the households from the government and firms, is ______

Personal Disposable Income.

Personal Income.

Gross National Income.

Net National Income.

✅ Correct Option: 2

Option 2: Personal Income -> This formula represents the conversion from National Income to Personal Income. Personal Income is the actual income received by households before paying personal taxes. Starting from National Income, we subtract: (1) Undistributed profits (retained earnings not distributed to households), (2) Net interest payments made by households (outflow from households), and (3) Corporate tax (paid by corporations, not received by households). We then add Transfer payments (benefits, pensions, subsidies received by households from government and firms). This gives us the total income actually available to individuals/households, which is Personal Income. Personal Disposable Income would require one more step: subtracting personal/direct taxes from Personal Income. -> correct

2025: 16 May Shift 1

Suppose the GDP at market price of a country in a particular year was Rs 2,100 crores. Depreciation was Rs 50 crores. The value of Indirect taxes was Rs 250 crores, Subsidies was Rs 150 crores and National Income was Rs 1250 crores. Calculate the aggregate value of net factor income from abroad.

2023: 30 May Shift 1

Net National Product at factor cost (NNP_FC) is defined as :

2023: 11 June Shift 3

Which of the following is a part of Domestic product of India ?

(A) Gifts given by employer to his employees

(B) Profits earned by branches of country's bank in other countries

(D) Purchase of goods by foreign tourists

Choose the correct answer from the options given below :

2022: 15 July Shift 2

Which of the following explains the concept of depreciation:

A. An annual allowance for wear and tear of a capital good.

B. The capital good gradually used up in each year's production process.

C. Cost of replacement of a capital good due to an accident.

D. Fall in the value of fixed asset due to unexpected change in technology.

E. Cost of the good divided by number of years of its useful life.

Choose the correct answer from the options given below:

2026: 23 May Shift 1

National Disposable Income is equal to ___________.

2025: 27 May Shift 2

Match List-I with List-II

List-I	List-II
(A) GVA at Market Prices	(I) GVA at basic prices - Net Production Taxes
(B) GVA at basic prices	(II) NNPMP - Net Product Taxes - Net Production Taxes
(C) GVA at factor cost	(III) GDP at market prices
(D) National Income (NI)	(IV) GVAMP - Net Product Taxes

Choose the correct answer from the options given below:

Nation Income – Undistributed profits – Net interest payments made by households – Corporate tax + Transfer payments to the households from the government and firms, is ______

Solution

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