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ICSE Class X Economics 2018 Papers
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Question : 4 of 35
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Which are the two sources of public revenue?
Solution:
Two sources of public revenue are : (i) Tax Revenue : Revenue earned by the government by imposing tax on general public. Example: income tax, excise and customs duties, license fee, fines and penalties etc. (ii) Non-Tax Revenue : Revenue earned by the government from other than the tax source. Example : loans raised to be repaid.
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