are the primary sources of revenue for the government for the development and smooth functioning of the economy.

Fines

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Banks

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Taxes

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Fees

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Solution

The correct option is C Taxes
The government takes up various developmental activities for the smooth functioning of the economy. In order to carry out these activities, it require financing. Direct and indirect taxes are a primary sources of revenue for the government.

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Which of the following is a major source of revenue for the government?

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