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Answer : 1. "Income which is not produced by as production process."
A ‘Transfer Income’ is as –
5Q:
A ‘Transfer Income’ is as –
- 1Income which is not produced by as production process.true
- 2Income taken away from one person given over to another.false
- 3Unearned Incomefalse
- 4Earned Incomefalse
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Answer : 1. "Income which is not produced by as production process."
Explanation :
Transfer paymentOne-way payment of money for which no money, good, or service is received in exchange. Governments use such payments as means of income redistribution by giving out money under social welfare programs such as social security, old age or disability pensions, student grants, unemployment compensation, etc. Subsidies paid to exporters, farmers, manufacturers, however, are not considered transfer payments. Transfer payments are excluded in computing gross national product.