Question : Which of the following is an example of tax revenue receipts?
Option 1: Licence fee
Option 2: Capital gain tax
Option 3: Gifts and grants
Option 4: Special assessment
Correct Answer: Capital gain tax
Solution : License fee, gifts and grants, special assessment, etc are the part of nontax revenue. Hence Option B is correct.
Question : _____ is a ______ of receipts for the government which arises out of the property left by the people without a legal heir.
Option 1: Special Assessment, Capital receipts
Option 2: Grants, Revenue receipts
Option 3: Escheats, Revenue receipts
Option 4: Disinvestment, Capital receipts
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.
Question : Recoveries of loans and advances, borrowings, are an example of ________.
Option 1: non-tax receipts
Option 2: capital receipts
Option 3: revenue receipts
Option 4: tax receipts
Question : Loan from IMF is an example of……
Option 1: Revenue receipts
Option 2: Capital receipts
Option 3: Revenue expenditure
Option 4: Capital expenditure
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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