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Question : Which of the following is a source of tax revenue?

Option 1: Penalties

Option 2: Customs

Option 3: Profits

Option 4: Grants


Team Careers360 1st Jan, 2024
Answer (1)
Team Careers360 16th Jan, 2024

Correct Answer: Customs


Solution : The correct option is Customs .

Customs duties are a significant source of tax revenue. They are taxes imposed on goods when they are imported or exported between countries. They are also known as tariffs. The rates of the goods can vary based on the type of goods, their country of origin and the trade agreements in place.

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