Question : Which of the following are the nontax revenue?
Option 1: Gifts and grants
Option 2: Special assessment
Option 3: Escheats.
Option 4: All of the above.
Correct Answer: All of the above.
Solution : Following are non-tax revenue
- Interest
- Profit
- Dividend
- Fees
- Licence fees
- Fines and penalties
- Gifts and grants
- Forfeatures
- Special assessment
- Escheats.
Hence, Option D is correct.