Question : _________________ refers to the transfers made out of the current income of the payer and added to the current income of the recipient.
Option 1: Current transfers
Option 2: Current expenditure.
Option 3: Factor income
Option 4: Factor transfer.
Answer (1)
24th Jan, 2024
Correct Answer: Current transfers
Solution :
Current transfers refers to the transfers made out of the current income of the payer and added to the current income of the recipient. These are made out of income, are regular in nature,and are meant for consumption purposes. It includes workers' remittances, donations, tax payments, foreign aid, and grants.
Hence, Option A is correct.
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