Correct Answer: Income which is not produced by any production process

Solution : Correct Answer is Income which is not produced by any production process

Any income that a recipient receives without giving the payer any goods, services, or assets in exchange is referred to as transfer income. It excludes earnings from employment or investments. Old-age pensions, scholarships, unemployment benefits, pocket money, and other forms of transfer income are examples. Transfer income (unearned income) is also received from the following three sources: - (a) Interest on the public debt (b) Current transfer from the government.