Question : Non-tax revenue is part of ______.
Option 1: Revenue expenditure
Option 2: Revenue receipts
Option 3: Capital expenditure
Option 4: Capital receipts
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Correct Answer: Revenue receipts
Solution : The correct option is Revenue receipts.
Non-tax revenue is part of a government's total revenue. It includes income generated from sources other than taxes, such as fees, fines, profits from state-owned enterprises, and various other forms of income. The money a government collects for regular operations is known as revenue receipts, and it is further subdivided into tax and non-tax revenue.
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