Which of the following is an example of a non-tax revenue source for the government?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Fees and fines.
The correct example of a non-tax revenue source for the government is Fees and fines. Non-tax revenue refers to income earned by the government through sources other than taxes. This includes fees for services (e.g., passport issuance), fines for violations, dividends from public sector enterprises, interest on loans given to states or other entities, and profits from the Reserve Bank of India. In contrast, personal income tax, corporate income tax, and value-added tax are examples of tax revenue sources.