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Answer : 1. "Income which is not produced by any production process"
A ‘Transfer Income’ is an–
5Q:
A ‘Transfer Income’ is an–
- 1Income which is not produced by any production processtrue
- 2Income taken away from one person and given over to anotherfalse
- 3Unearned incomefalse
- 4Earned incomefalse
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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.