Civil Services UPSC CAPF (Assistant Commandants) Test Series 2025 General Knowledge Economy National Income Accounting
Which of the following statement is correct related to the Transfer Payments?
1
These payments are viewed as a wealth redistribution from the well-compensated to the poorly compensated.
2
Government payments made to individuals through social programs is not a transfer payment.
3
Government payments to corporations also referred to as transfer payments.
4
Transfer payments are two-way payments made to people or organizations for which no goods or services were given or exchanged.