ICSE Class X Economics 2022 Solved Papers

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Question : 16
Total: 33
Mention the two sources of public revenue.
Solution:  
Two sources of public revenue are :
(a) 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.
(b) Non-Tax Revenue : Revenue earned by the government from other than the tax source.
Example: loans raised to be repaid.
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