An example of transfer payments in national income accounting is
Money transferred to another country
Unemployment allowance paid to the citizens
The amount paid to a worker on transfer
Transfer of funds from one bank to another
Correct answer is B
Transfer payment are payment of receipts not resulting from contribution to productive activities in the economy. They are mere transfers from one person to another, for example: pension, bursary, award, gift, unemployment benefit etc. When estimating or calculating national income, transfer payment are excluded.