Question

Which of the following is not a transfer payment; ਹੇਠ ਲਿਖਿਆਂ ਵਿੱਚੋਂ ਕਿਹੜਾ ਇੱਕ ਹਸਤਾਂਤਰਣ ਭੁਗਤਾਨ ਨਹੀਂ ਹੈ; निम्नलिखित में से कौन- सा हस्तांतरण भुगतान नहीं है; *

Interest on National Debt ਰਾਸ਼ਟਰੀ ਕਰਜ਼ਾ ਤੇ ਵਿਆਜ राष्ट्रीय ऋणपर ब्याज

Old age Pension ਬੁਢਾਪਾ ਪੈਨਸ਼ਨ वृद्धावस्था पेंशन

Payment to house wife ਘਰੇਲੂ ਔਰਤ ਨੂੰ ਭੁਗਤਾਨ हाउस वाइफ को भुगतान

Payment to domestic servant ਘਰੇਲੂ ਨੌਕਰ ਨੂੰ ਭੁਗਤਾਨ घरेलू नौकर को भुगतान


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Answer 1

A transfer payment is a one-way payment to a person or organization which has given or exchanged no goods or services for it. This contrasts with a simple "payment," which in economics refers to a transfer of money in exchange for a product or service.

Generally, the phrase "transfer payment" is used to describe government payments to individuals through social programs such as welfare, student grants, and even Social Security. However, government payments to corporations—including unconditional bailouts and subsidies—are not commonly described as transfer payments.