passwella.
Menu

UI Post-UTME Economics 2023 (Model questions) Question 19

Question 19

National Income

An example of a transfer payment is ________

  1. A.profit
  2. B.Rent
  3. C.students bursary
  4. D.government purchases
Show the answer and explanation

Answer: C (students bursary)

Explanation

A bursary is paid without any goods or services in return, so it is a transfer payment.