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Question
______ is an example of commercial revenues.
Options
Fees
Special assessment
Railways fares/freights
Gifts and grants
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Solution
Railways fares/freights is an example of commercial revenues.
Explanation:
Railways fares/freights are examples of commercial revenues, as they are charges collected by the government or government-owned entities for providing services.
RELATED QUESTIONS
The government imposes tax ______.
Observe the relationship of the first pair of words and complete the second pair:
Tax paid by person on whose it is imposed : Direct tax.
A tax is paid by some person and the final burden is born by some other person : ______.
The major objective of monetary policy is ______.
Distinguish between fiscal policy and monetary policy.
Define direct tax
State the difference between income tax and expenditure tax.
Which one is better progressive or regressive taxation and why?
Explain the term Incidence of a tax.
Differentiate between progressive and regressive taxes giving an example for each.
Explain how indirect taxes can be made progressive.
