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Question

Non-tax revenue includes profits of public sector undertaking.


A
True
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B
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.

Economics

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