Which of the following is a "Transfer income"?

• Dearness allowance paid to Ram, who works for Haryana police.
• Financial help in Orissa to victims of Fani.
• Old age pension received by Ram's father.
• Salary received by an employee of PNB.

2 and 3

Transfer income is the income which is received without any goods and services provided in return. Following are the transfer incomes:

1. Old age pension received by Ram's father.
2. Financial help in Orissa to victims of Fani.

All the other statements are factor payments which are received against the factor services provided by the individual.