New Upcoming Legal Jobs Free Workshop March 11 at 5 PM. Register here

    Question

    Which of the following is / are the example (s) of

    Transfer Payment(s)? 1.    Unemployment Allowance 2.    Payment of salary 3.    Social Security Payment 4.    Old age Pension Select the correct answer using the code given below:
    A 1 and 3 only Correct Answer Incorrect Answer
    B 1, 2 and 3 only Correct Answer Incorrect Answer
    C 1, 3 and 4 only Correct Answer Incorrect Answer
    D 3 only Correct Answer Incorrect Answer
    E None of the these Correct Answer Incorrect Answer

    Solution

    Transfer payment is a payment of money to individuals by government without taking any goods or service. Examples : • Unemployment allowance • Social security payments • Old age pension • Student grant • Subsidies to farmers, exporters & manufacturer.

    Practice Next

    Relevant for Exams: