Non-Tax revenue is part of __________.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Revenue Receipts.
Non-tax revenue is a key component of revenue receipts for the government, distinct from tax revenue.
It includes income from sources other than taxes, such as fees and charges for services, fines and penalties, dividends from government enterprises, interest on loans or investments, and other receipts like property sales. This revenue stream helps finance government expenditures and reduces reliance on borrowing, providing a stable and diversified income source.