Transfer payments means:

Bank loans

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The payment without work

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Tax payments

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Payment made to all factors of production

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Solution

The correct option is B
The payment without work

Transfer payments means the payment without work.

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Similar questions

Consider the following statements regarding Payment Banks:
1. Payment Banks can't advance loans or issue credit cards.
2. Payment Banks can accept demand deposits up to Rs 5 lakh.
3. Payment Banks offer remittance services, mobile payments/transfers/purchases.
4. Payment Banks offer banking services like ATM/debit cards, net banking and third party fund transfers.
Which of the above statement(s) is/are correct?

Q. Consider the following statements about the Payment banks:Which of the above statement(s) is/are correct?

Only 3
Only 1 & 3
None of the Above
Only 1 & 2

Q. _________ refers to all the payments and charges made by the entrepreneur to the suppliers of various productive factors.

Q. Match the following factors of production with the associated payments made for these factors.

Q. Which payments are referred to as transfer payments?

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Transfer payments means:

The correct option is B The payment without work Transfer payments means the payment without work.

The correct option is B
The payment without work

Transfer payments means the payment without work.