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:
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.
Calculate the Quick ratio based on above information?
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