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Question : How many types of revenue receipts exist in the economy?

Option 1: Two

Option 2: Four

Option 3: Five

Option 4: Three


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 7th Jan, 2024

Correct Answer: Two


Solution : The correct answer is Two.

There are two types of revenue receipts: tax revenue and non-tax revenue. Revenue receipts are not redeemable. Revenue receipts are those that do not cause the government to become liable or experience a loss of assets. They are routine and recurrent, and they are received by the government as part of its regular business.

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