Answer-A transfer payment is a payment that is __:

Transfer Payment is the payment exchanged for return of no goods or services. It generally describes the welfare expenditure of the government such as subsidies, pensions, grants etc.

Question

A transfer payment is a payment that is

__:

A made by the government to its current workers

B made to people who are needy

C For in-kind services provided to the government

D For which no services or goods are rendered

E All of the above

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RBI Grade B

A transfer payment is a payment that is

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