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
Correct Answer: All of the above
Solution : Following are the non-tax revenue-
Hence, Option D is correct.
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
Option 1: Interest
Option 2: Profit
Option 3: Dividend
Option 4: All of the above.
Option 1: Gifts and grants
Option 2: Special assessment
Option 3: Escheats.
Question : Which of the following is a part of budgetary deficit.
Option 1: Revenue deficit
Option 2: Fiscal deficit
Option 3: Primary deficit
Question : Which of the following statements are true?
Statement 1- Fines are former imposed to maintain law and order.
Statement 2- Fines are later impose to generate revenue.
Option 1: Both are true .
Option 2: Both are false
Option 3: Statement 1 is true and statement 2 is false.
Option 4: Statement 2 is true and statement 1 is false.
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