Public revenue received by the government consists of tax and non tax Which of the following are the...........

Economic Affairs Tax System

Public revenue received by the government consists of tax and non-tax. Which of the following are the sources of non-tax revenue?

1. Fee charged by public authorities for rendering a service to the citizens.

2. Voluntary contributions by individuals or institutions to the government.

3. Deficit financing.

4. Cess charged on coal .

Which of the above statements is/are correct?

2 and 3 Only

1 and 4 Only

1, 2 and 3 only

2, 3 and 4 Only

A tax is never levied as a fine or penalty for breaking law.

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