What is required to be subtracted from personal income in order to obtain personal disposable income? Option 1: Net current transfers by the government to the households. Option 2: Net remittances received by households from rest of the world. Option 3: Net tax payments by the households. Option 4: Nothing is to be subtracted as personal income is same as personal disposable income.

The answer is 'Net tax payments by the households.'. View full solution:

CUET Economics - What is required to be subtracted from personal income in order to obtain personal disposable income? | PYQs + Solutions

CUET Economics 2025 26 May Shift 2

Macro

Medium

Net current transfers by the government to the households.

Net remittances received by households from rest of the world.

Net tax payments by the households.

Nothing is to be subtracted as personal income is same as personal disposable income.

✅ Correct Option: 3

Related questions:

15 May Shift 1

A farmer produces cotton in his farm and sells it to the yarn making firm at Rs 2500. The yarn making firm sells this yarn to the cloth mill for Rs 4000, who make cloth from it and this cloth is sold to a readymade garments factory for Rs 6500. The ready made garments factory sells the garments to the retailer for Rs 9000 and makes a profit of Rs 2000.

Assuming that the farmer does not incur any intermediate cost, what will be total value added in the above process?

3 June Shift 2

Match List-I with List-II

List-I	List-II
(A) GNP $_{MP}$ - Depreciation	(I) NNP $_{MP}$
(B) GDP $_{MP}$ + NFIA	(II) GNP $_{MP}$
(C) NNP $_{MP}$ - Net Product Taxes - Net Production Taxes	(III) GDP $_{MP}$
(D) GVA $_{MP}$	(IV) NNP $_{FC}$

Choose the correct answer from the options given below:

13 May Shift 2

The ratio of nominal to real GDP refer to which economic concept?

CUET Economics 2025 26 May Shift 2 PYQs

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