Bulk of public revenue comes from ________.

taxes

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

interest

No worries! We‘ve got your back. Try BYJU‘S free classes today!

dividends and profits

No worries! We‘ve got your back. Try BYJU‘S free classes today!

licence fees

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C taxes
The income of the government through all its sources is called public revenue. Taxes are the major source of public revenue because today taxes are charged in almost all the sectors such as railways, cinema halls, toll plaza, restaurant, etc. Hence, bulk of public revenue comes from taxes.

Suggest Corrections

Similar questions

Q. Fees of the government college is a revenue receipt because:

Q. Identify the following as revenue receipts and capital receipts. Give reasons.
(i) Loans recovered from Public sector enterprises.
(ii) License and court fees received by the Government in the year 2014-15.
(iii) Loan taken from USA for the infrastructural developments.
(iv) Sale of shares held by Government in a PSU.
(v) Financial help from Microsoft for the victims of flood affected areas.
(vi) Amount borrowed from Japan for construction of Metro.
(vii) Dividend received by Government from a company.
(viii) Funds raised from public in the form of National Saving Certificates.
(ix) Sale of 40% shares of a public sector undertaking to a private enterprise.
(x) Profits of LIC, a public enterprise.

Categorise the following as Revenue and Capital receipts (give reasons):
(a) School fees in government school
(b) Challans
(c) Disinvestment
(d) Custom duty

Q. In case where installation fees are other than incidental to the sale of a product, they should be recognized as revenue _____________________.

Which of the following public revenue is a major contributor to the total central revenue?

Join BYJU'S Learning Program