Civil Services TNPSC Group 1 (New Syllabus) Mock Test 2025 General Knowledge Economy National Income Accounting
Which of the following statements about transfer payments are correct?
1) Transfer payments are made by the government to households.
2) Pension, scholarship etc. are not a part of the transfer payments.
3) Transfer payments are often used as a means of redistributing income within a society.
1
1, 2 and 3
2
2 and 3 only
3
1 and 2 only
4
1 and 3 only