Transfer payments refer to payments, which are made:

Related MCQs

• Old age pension is “National Old Age Pension Schemes”, “Interest payments”, “Subsidies”, “Unemployment allowances”, “Welfare benefits to weaker sections, etc.” By incurring such expenditure, the government does not get anything in return, but it adds to the welfare of the people, especially belong to the weaker sections of the society. Such expenditure basically results in redistribution of money incomes within the society.
• Expenditure on defence, interest payments, law and order maintenance and public administration expenses are generally treated as:
• Macroeconomics as a separate branch came to be studied after the contributions of which economist?
• Consider the following statements: 1. In a Capitalist economy there is private ownership of means of production 2. In a communist nation, the means of production are owned by the State 3. In a free-market economy there is minimum role of the Government Which of the above 3 statement is/are true?
• Macroeconomics is a study of economics that deals with which 4 major factors:
• Which of the following is considered as financial year in India?
• Which is not added in the calculation of national income of India?
• Which sector contributes the most to India's economy in terms of GDP?
• Which Ministry is responsible for calculating GDP in India?
• Which statement is true?