What are Transfer Payments?

Important banking qna for banking aspirants, which is helpful in banking exam.

Created On: Jun 17, 2015 14:46 IST

What are Transfer Payments?

• Transfer Payment refers to grants or other payment not made in return for a productive service.

• It is a redistribution of income in the market system. These payments are considered to be non-exhaustive because they do not directly absorb resources or create output.

• In other words, the transfer is made without any exchange of goods or services.[1] Examples of certain transfer payments include welfare (financial aid), social security, and government making subsidies for certain businesses

Jagran Play
रोमांचक गेम्स खेलें और जीतें एक लाख रुपए तक कैश
ludo_expresssnakes_ladderLudo miniCricket smash
ludo_expresssnakes_ladderLudo miniCricket smash

Related Categories

Related Stories

Comment (0)

Post Comment

1 + 7 =
Post
Disclaimer: Comments will be moderated by Jagranjosh editorial team. Comments that are abusive, personal, incendiary or irrelevant will not be published. Please use a genuine email ID and provide your name, to avoid rejection.