Question : The non-tax revenue in the following is:
Option 1: Excise
Option 2: Tariff
Option 3: Escheats
Option 4: GST
Correct Answer: Escheats
Solution : The correct answer is (c) Escheats.
Non-tax revenue refers to the income or revenue generated by the government through sources other than taxes. It includes various sources such as fees, fines, penalties, dividends, interest income, and escheats.
Escheats are unclaimed property or assets that revert to the state or government when the rightful owner cannot be identified or located. The government receives revenue from such escheated property, making it a form of non-tax revenue.
Question : Burden of tax which cannot be shifted on to the others, is called
Option 1: GST
Option 2: Direct tax
Option 3: Indirect tax
Option 4: Wealth tax
Question : These taxes are generally progressive in nature.
Option 1: Tax revenue
Option 2: Non tax revenue
Option 3: Direct tax
Option 4: Indirect tax
Question : These taxes are generally proportional in nature.
Question : Fill in the blanks- _______ is a type of tax whose burden can be shifted.
Option 1: Capital gain tax
Option 2: GST
Option 3: Excise duty
Option 4: None of the above.
Question : Revenue receipts includes
Option 2: Non-tax revenue
Option 3: Both A and B
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