Identify the transfer payments in the following and answer from the codes below

Posted by MCQ LOG at 5:21 PM

Identify the transfer payments in the following and answer from the codes below :

(a) Annual increment in salary

(b) Payment of bonus to employees

(c) Interest payment on public debt

(d) Pension payment

Codes :

(1) (c) and (d)

(2) (b), (c) and (d)

(3) (a) and (b)

(4) (a) and (c)


Answer: (1) (c) and (d)