Question

Which of the following is/are the Non-Tax Revenue components of the Union Budget of India?
A. Custom-Duties
B. Interest Receipts
C. Dividends and Profits

• A. Only (A)
• B. Only (B)
• C. Only (B) and C
• D. Only (C)

Answer 1

The correct option is C Only (B) and C

Non-tax receipts consist of all receipts from the sources other than taxes. Interest receipts and dividends and profits are the examples of non-tax revenue components of the Union Budget of India, that means, tax revenue cannot be collected by the government from these items.