What is the meaning of transfer pricing?

(A) Pricing of generic drugs
(B) Government budgeting
(C) Taxation and accounting
(D) Transferring of funds from one account to another

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Correct Answer : Transferring of funds from one account to another
Question Asked : Bihar Police Sub Inspector Prelims Exam 2018
Explanation : Transfer pricing can be defined as the price paid tor goods transferred from one economic unit to another, assuming that the two units involved are situated in different countries, but belong to the same multinational firm.
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