An example of transfer payments is
  • a)
    Old age pension
  • b)
    Retirement pension
  • c)
    Free meals in the company canteen
  • d)
    Employers’ contribution for social security
Correct answer is option 'A'. Can you explain this answer?

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Answers

Rakesh Singh
Jan 18, 2022
Because old age pension is a type of Financial assistance given by the government to old people without providing any factor services

Shradha Kumari
Sep 13, 2018
Transfer payments are unilateral ( one sided payments ) no corresponding flow of goods and services for example: donation, old age pension, unemployment allowance etc

Aditi Mittal
Feb 17, 2022
Transfer payments are unilateral ( one sided payments ) no corresponding flow of goods and services for example: donation, old age pension, unemployment allowance etc

Mohd Bilal
Jan 10, 2019
Current transfer are unilateral ....there are no expectation in return .....so old age pension (the government does not expect anything in return).....
in other cases of your question all of them are current transfer I hope I answered your question......

Because old age pension is a type of Financial assistance given by the government to old people without providing any factor services
Because old age pension is a type of Financial assistance given by the government to old people without providing any factor services