Revenue Receipts from non-tax revenue are always more as compared to tax revenue.

True

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False

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Solution

The correct option is B False
False, a tax is a compulsory payment to the government by the households, firms, or other institutional units. Thus, revenue receipts from tax receipts are always more as compared to non-tax revenue.

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Similar questions

From the following data about a government budget, find (a) revenue deficit, (b) fiscal deficit, and (c) primary deficit:

Items (Rs in lakh)

(i) Tax revenue 50

(ii) Revenue expenditure 110

(iii) Capital expenditure 210

(iv) Non-tax revenue 30

(v) Capital receipts net of borrowing 140

(vi) Interest payments 20

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