Economics · National Income Accounting
A transfer payment is best described as a payment made:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1by one commercial bank to another for interbank clearing
- 2without any corresponding exchange of goods or services✓
- 3to civil servants for their current services
- 4in a barter exchange system
Correct answer
without any corresponding exchange of goods or services
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice National Income Accounting MCQs →Want more practice questions on National Income Accounting?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · National Income Accounting