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    Question

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

    Transfer Payment(s)? 1.┬а┬а┬а Unemployment Allowance 2.┬а┬а┬а Payment of salary 3.┬а┬а┬а Social Security Payment 4.┬а┬а┬а 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 : тАв Unemployment allowance тАв Social security payments тАв Old age pension тАв Student grant тАв Subsidies to farmers, exporters & manufacturer.

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