Question

Choose the correct statement

1. Personal income minus direct taxes gives the disposable income.
2. GDP of India includes the market value of all the goods and services produced in the global level.
3. Disposable Income minus Transfer payments plus subsidies gives personal income.
4. The Quantum of wear and tear expenses are called Depreciation.

Options

• (i), (ii), (iv) are correct

• (i), (ii), (iii) are correct

• (i), (ii), (iii) and (iv) are correct

• (i), (iv) are correct

Answer 1

(i), (iv) are correct