Question

Non-Tax revenue includes

• A. Currency and coinage
• B. Dividends and profits
• C. Grants-in-aid
• D. All of the above

Answer 1

The correct option is D All of the above

Non Tax Revenue Receipts are those revenue receipts which are not generated by Taxing the public.

• Money which the Government earns as “Dividends and profits” from its profit making public enterprises (PSUs).
  
• Interest which the Government earns on the money lent by it to external or internal borrowers. Thus this revenue receipts may be in foreign currency as well as Indian Rupees.
  
• The money which the government receives out of its fiscal services such as stamp printing, currency printing, medal printing etc.
  
• Money which the Government earns from its “General Services” such as power distribution, irrigation, banking services, insurance, and community services etc. which make the part of the Government business.
  
• Money which the government accrues as fees, fines, penalties etc.
  
• Grants the Government of India receives from the external sources. In case of the state Governments, it may be the internal grant from the central Government.