Public revenue includes which of the following _______.
all the above
The correct option is C all the above
Public revenue includes all the following:
Tax revenue: revenue earned by the government by taxing people is
called tax-revenue. It is of two types:
Direct tax: tax paid to the government directly. Examples include
income tax, gift tax, wealth tax, property tax, etc.
Indirect tax: this tax is collected by an intermediary person
from the person who ultimately bears the burden. Examples are sales tax, value-added
tax (VAT), goods and services tax (GST), etc.
Non-tax Revenue: Non Tax Revenue Receipts are
those revenue receipts which are not generated by taxing the public. Examples
of non-tax revenue includes revenue from power distribution, irrigation,
banking services, insurance, and community services, etc. which make the part of
Capital receipts: this is the income flow from one of the following sources. Cash from the sale of fixed assets, Cash from
the sale of shares in the business, Cash from the issuance of a debt
instrument which includes loans and bonds.