which of the following is CORRECT about the non tax revenue 1 it inculdes all the money ea...........

which of the following is CORRECT about the non- tax revenue?

1. it inculdes all the money earned by the government from the sources other than taxes these sources are profits and debedents.

2. interest received by the government on the loans given by within the country or outside the country.

3. fiscal services which generated income for the government from printing of the currency coins etc.

4.total receipt equal to revenue and capital.

1,2,4

2 and 3

3 and 4

1,2,3

Explanation:

Alright, let’s break it down, statement by statement:

- Statement 1: Non-tax revenue means money the government earns from things other than taxes—like profits from public sector companies or dividends. That’s true.

- Statement 2: Interest from loans the government gives, whether at home or abroad, is non-tax revenue. Spot on.

- Statement 3: This one’s tricky. Income from services like printing currency or coins is not really considered non-tax revenue. The cost of printing isn’t income, it’s an expense. The RBI might give the government a surplus, but the act of printing isn’t itself non-tax revenue.

- Statement 4: This is incorrect. Total receipts being equal to revenue and capital receipts is not specific to non-tax revenue.

Now, let’s look at the options:

- Option 1: 1,2,4 — includes an incorrect statement (4), so no.

- Option 2: 2 and 3 — misses statement 1, and statement 3 is not accurate, so not this one.

- Option 3: 3 and 4 — both are wrong.

- Option 4: 1,2,3 — includes statement 3, which isn't accurate.

The correct answer is Option 1: 1 & 2 only.