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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
Taxes in which the rate of tax remains the same, though the tax bases changes are called ______.
Match the following and select the correct option:
| Column A | Column B | ||
| (i) | Taxes imposed on income and wealth | A. | Regressive |
| (ii) | Taxes imposed on goods and services | B. | Progressive |
| (iii) | A tax system where the rate of tax decreases with increase income | C. | Direct taxes |
| (iv) | A tax system where the rate of tax increases as income increase | D. | Indirect taxes |
Monetary policy means regulation of money supply by the monetary authority.
Define Indirect tax
Citing reason state the advantage of a direct tax over an indirect tax.
Explain how indirect taxes can be inflationary.
Define a tax.
Explain the term Incidence of a tax.
Define the following term:
Fiscal deficit
Citing reasons state the superiority of Fostering civic consciousness by direct tax over the same by indirect tax.
