Answer :

Non-tax revenue forms one of the main sources of public revenue, along with tax revenue. The major sources of non-tax revenue are: -

1. Fees: it is the reward collected for the government’s services like license fees, registration fees, tuition fees, etc.


2. Fines and Penalties: these are monetary punishments meted out to individuals and organisations for violating the laws of the land.


3. Grants: are the financial aids provided by one government or organisations for meeting specific objective. For example, charitable institutions provide grants for the uplift the conditions of certain groups of people.


4. Interest: the Government receives interests for the loans it extended to various enterprises, agencies and countries.


5. Profit: it is the net income Government receives from the enterprises it operates like the Indian Railways, Postal Services etc.


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Related Videos
Champ Quiz | Electrical Power and HeatingChamp Quiz | Electrical Power and HeatingChamp Quiz | Electrical Power and Heating31 mins
Surface Area and VolumeSurface Area and VolumeSurface Area and Volume49 mins
Metaphor and SimileMetaphor and SimileMetaphor and Simile41 mins
Foundation | Sequence and SeriesFoundation | Sequence and SeriesFoundation | Sequence and Series47 mins
Puzzles and RiddlesPuzzles and RiddlesPuzzles and Riddles41 mins
Idioms and PhrasesIdioms and PhrasesIdioms and Phrases43 mins
Goprep Genius Quiz  | Analogy and ClassificationGoprep Genius Quiz  | Analogy and ClassificationGoprep Genius Quiz | Analogy and Classification48 mins
Acid - Types and NomenclatureAcid - Types and NomenclatureAcid - Types and Nomenclature52 mins
Puzzles and RiddlesPuzzles and RiddlesPuzzles and Riddles44 mins
Consistent and Inconsistent EquationsConsistent and Inconsistent EquationsConsistent and Inconsistent Equations33 mins
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses