GK
PUBLIC ADMINISTRATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Revenue-a state’s annual income from which public expenses are met.
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False
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no
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yes
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True
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Explanation:
Detailed explanation-1: -Revenue refers to all the receipts of the government from taxes, custom duties, revenue from state-owned enterprises, capital revenues and foreign aid.
Detailed explanation-2: -The income of the government through all the sources is called public income or public revenue.
Detailed explanation-3: -The 5 major sources of revenue for the Government are Goods and Services Tax (GST), Income tax, corporation tax, non-tax revenues, union excise duties .
There is 1 question to complete.