Question : Administrative revenue includes which of the followings?
Option 1: Fines and penalties
Option 2: Commercial revenue
Option 3: Dividends
Option 4: Fines and penalties
Correct Answer: Fines and penalties
Solution : The correct answer is (a) Fines and penalties.
Administrative revenue refers to the revenue collected by the government through administrative activities and processes. It typically includes fines and penalties imposed for violations of laws or regulations. When individuals or entities violate laws or regulations, they may be subject to fines or penalties as a form of punishment or deterrent. The revenue generated from these fines and penalties is categorized as administrative revenue.