Old age pension payment is transfer payment.
بوڑھاپے کی پنشن ایک ٹرانسفر پیمنٹ ہے۔
- True
- False
Explanation
- Transfer payments are payments made without receiving any goods or services in return.
- Old age pension is given by the government to support elderly people.
- It is not related to current production of goods and services.
- Therefore, it is classified as a transfer payment.
Last verified on 23-04-2026
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