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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


Team Careers360 20th Jan, 2024
Answer (1)
Team Careers360 21st Jan, 2024

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.

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