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Question : Transfer income is a part of __________________.

Option 1: National income

Option 2: Domestic income

Option 3: Both national and domestic income.

Option 4: Neither national nor domestic income


Team Careers360 8th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: Neither national nor domestic income


Solution :

Transfer income includes presents, financial assistance, donations, scholarships, etc. It is unearned income, a unilateral payment made without expecting anything in return, and it is excluded from both national and domestic income.
Hence, option D is correct.

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