Question : Which of the following is an example of a non-tax revenue for a government?
Option 1: Income tax
Option 2: Sales tax
Option 3: License fees
Option 4: Property tax
Correct Answer: License fees
Solution : The correct answer is (c) License fees
license fees are an example of a non-tax revenue for a government. Non-tax revenues refer to income or funds that are generated by the government through means other than taxes.
License fees are charges or payments imposed by the government for obtaining licenses or permits for specific activities or privileges. These fees are typically paid by individuals or businesses to the government in exchange for the right to engage in certain activities, such as operating a business, practicing a profession, or using government resources.
