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Q:

A ‘Transfer Income’ is an–

  • 1
    Income which is not produced by any production process
  • 2
    Income taken away from one person and given over to another
  • 3
    Unearned income
  • 4
    Earned income
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Answer : 1. "Income which is not produced by any production process"
Explanation :

Income which is not produced by any production process  is called transfer income. It is generally money received by  an individual or family from the state or other body, often the  pension or unemployment benefit.


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