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.
Question : Which of the following are the nontax revenue?
Option 1: Fees
Option 2: Licence fees
Option 3: Fines and penalties
Option 4: All of the above
Question : Which economic change was prominent in the 19th-century rural society?
Option 1: Decline of feudalism
Option 2: Rise of industrialization
Option 3: Growth of commercial agriculture
Option 4: Decrease in land revenue
Question : The value of the spending multiplier ranges between:
Option 1: 0 and 1
Option 2: 1 and 2
Option 3: 2 and 3
Option 4: 3 and 4
Question : Revenue receipts includes
Option 1: Tax revenue
Option 2: Non-tax revenue
Option 3: Both A and B
Option 4: None of the above.
Question : Which of the following is not a type of commercial paper?
Option 1: Unsecured commercial paper
Option 2: Secured commercial paper
Option 3: non-convertible commercial paper
Option 4: Convertible commercial paper
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