ICSE Class X Economics 2018 Solved Papers
© examsnet.com
Question : 4
Total: 35
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.
(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.
© examsnet.com
Go to Question: