Revenue receipts of the government are classified into:

Tax revenue and borrowings

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Tax and non-tax revenue

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Borrowings and recovery of loans

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Non-tax revenue and recovery of loans

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Solution

The correct option is B Tax and non-tax revenue
Revenue receipts refers to all such types of money receipts that do not create any liability for the government or does not reduce any asset of the government. These basically includes tax and non-tax revenue received by the government from the general public.

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