Question

Which of the following is not a transfer payment options:Interest on National Debt(2)Old age Pension(3)Payment to house wife (4)Payment to domestic servant​

Answer 1

Answer:

(3) payment to house wife.

not sure about

Answer 2

Answer:

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.