Which of the following income sources is are components of non tax revenues of the central governmen...........

Economic Affairs Tax System

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Which of the following income sources is/are components of non-tax revenues of the central government?

1. Telecom spectrum auctions

2. Interest receipts on loans granted

3. Reserve Bank of India’s annual dividend payout

Select the correct answer using codes given below:

1 and 2 only

2 only

2 and 3 only `

1, 2 and 3

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Explanation:

Non-tax revenue (receipts) of the central government mainly consists of interest receipts on account of loans by the central government, dividends (this will include RBI’s annual dividend payout) and profits on investments made by the government, fees (this will include spectrum charges) and other receipts for services rendered by the government. Cash grants-in-aid from foreign countries and international organisations are also included.