Question

xvi.
Assertion (A): Transfer payments are included in national income.
Reasoning (R): Transfer payments such as pension, unemployment allowance etc. are a part
of Government expenditure.
Options: 1) (A) is True but (R) is False
2) (A) is False but (R) is True
3) Both (A) and (R) are True and (R) is the correct explanation of (A)
4) Both (A) and (R) are True and (R) is not the correct explanation of (A)​

Answer 1

Answer:

Option 3 is the right answer