Q. Which of the following is considered as transfer payment?
Answer: Unemployed allowance by the government
Notes: Transfer payment– is the payment by the government in grants, allowances, pensions etc to people such as pensioners, widows, sick or unemployed people or others with little or no income. It does not include subsidies given by the government .
Ex: PM KISAN amount transfer

This question is part of 40000+ General Studies MCQ Series Course on GKToday Android app. Question Number: 77 in 1. Important Concepts in Micro & Macroeconomics in above course in App.