Economics · Microeconomics

Which of the following best defines 'Transfer Earning' in factor economics?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1The total surplus profit earned above the economic rent.
2The additional income earned by transferring capital to foreign investments.
3The revenue generated specifically through transport services.
4The minimum payment required to retain a factor of production in its present employment.✓

Correct answer

The minimum payment required to retain a factor of production in its present employment.

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Chapter Practice

Want more practice questions on Microeconomics?

Solve complete topic-wise tests with detailed solutions on GkGet.

Recommended practice questions in Economics · Microeconomics

Mahatma Gandhi's last fast unto death in 1948 was primarily against which of the following?

What was the primary meaning of 'Swaraj' as popularized by Mahatma Gandhi during India's independence movement?

What was one major impact of India’s independence on its economy?

Related Practice Questions