Q. Old age pension is “National Old Age Pension Schemes”, “Interest payments”, “Subsidies”, “Unemployment allowances”, “Welfare benefits to weaker sections, etc.” By incurring such expenditure, the government does not get anything in return, but it adds to the welfare of the people, especially belong to the weaker sections of the society. Such expenditure basically results in redistribution of money incomes within the society. (Solved)

1. Non-Transfer Expenditure

2. Transfer Expenditure or transfer payments

3. Capital Expenditure

4. Non-Distributive Expenditure

  • b. Transfer Expenditure or transfer payments
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