Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Government Budget and Economy

Question:

What does Non- Tax revenue of the government in India includes?
i. Dividends received from public sector companies
ii. Profits received from public sector companies
iii. Surplus profits of the Reserve Bank of India, transferred to the Government
iv. Interest receipts on loans given by the government to states
v. Interest receipts on loans given by the government to PSUs

Options:

i, ii, iii

iv, v

ii, ii, v

All of them

Correct Answer:

All of them

Explanation:

Dividends and profits received from public sector companies, Surplus profits of the Reserve Bank of India, transferred to the Government, Interest receipts on loans given by the government to states and PSUs are non - tax revenue. Tax revenue consists of taxes collected by the government.