Non-tax revenue includes profits of public sector undertaking.

True

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False

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Solution

The correct option is A True
Non-tax revenue or non-tax receipts are government revenue not generated from taxes. This is the money that the government earns as profits and dividends from making a profit through public enterprises. ... This also makes the part of the government business. Also, the money that is accrued by the government in the form of penalties, fees, fines, etc.

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Similar questions

Categorise the following government receipts into revenue and capital receipts. Give reasons for your answer.

(i) Receipt from sale of shares of a public sector undertaking.

(ii) Borrowing from public.

(iii) Profit of public sector undertakings.

(iv) Income tax received by government.

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