Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: National Income Accounting

Question:

Which of the following is NOT a "Factor payment"?

Options:

Scholarship to the students

Salaries to the Member of Lok Sabha

Rent paid to the landlord

All of the above

Correct Answer:

Scholarship to the students

Explanation:

Factor payments are those payments which are done without any good or service in return. It is a unilateral transaction. Scholarship to students, Financial help etc. all are the examples of transfer payments.