Question : Transfer receipts includes ____________________.
Option 1: Current transfers
Option 2: Capital transfers
Option 3: Both A and B
Option 4: Neither A nor B
Answer (1)
19th Jan, 2024
Correct Answer:
Both A and B
Solution :
Transfer receipt includes current transfer and capital transfers. Current transfers includes old age pension, unemployment allowances, etc.
Capital transfers includes, investment grants, capital gain tax, etc.
Hence, Option C is correct.
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