please answer my question..!!

Dear student,
Factor Income is a payment received in exchange for any good or service while as Transfer Income is received without rendering any service or good.

• Interest received by banks from firms: Factor income
• Interest paid by banks to the individuals: Factor income
• Rent-free accommodation given by the employer to his employee: Transfer income
• Free lunch coupons are given to the workers in a factory: Transfer income
• Scholarship received by meritorious students: Transfer income
• Old age pension received by senior citizens: Transfer income
• Retirement pension: Factor income

​​​​​​Regards,