Assertion (A): Transfer Income is not included in the National Income

Question

1.00K viewsDecember 6, 2023Assertion Reason

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Anurag Pathak28.55K December 6, 2023 0 Comments

Assertion (A): Transfer Income is not included in the National Income.

Reason (R): Transfer Income is a unilateral (one-sided) concept.

Alternatives:

(a) Both Assertion (A) and Reason (R) are True and Reason (R) is the correct explanation of Assertion (A)

(b) Both Assertion (A) and Reason (R) are True and Reason (R) is not the correct explanation of Assertion (A)

(c) Assertion (A) is True but Reason (R) is False

(d) Assertion (A) is False but Reason (R) is True

score 0 · Answer 1 · 2023-12-06T03:44:54+00:00

Ans – (b)

Assertion (A): It’s true transfer income is not included in the national income only factor income is counted in.

Reason (R): It’s also true transfer income is a unilateral (one-sided) concept.

But Reason (R) does not explain why transfer income is not included in the National Income.