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
Answer (1)
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.
Comments (0)
Related Questions
Trending Articles/News
