Railways PYQCBT 1 2016

RRB NTPC · Question 58

What is income available with a person after deducting for taxes called?

  1. Disposable Income

  2. Cash Income

  3. Salary

  4. General Income

Show answer & explanation

Answer: (A) Disposable Income

Explanation

Disposable income is what a person has left after paying income taxes; it is available for spending and saving. Economists use it to study consumption and savings.