Question

Grants-in-Aid are received from:

Options

• Recovery of loans given by the government

• Individuals, private organisations, foreign governments and international organisations for specific purposes

• Proceeds of taxes and duties of the Central Government

• Public Sector Enterprises as dividends

Answer 1

Grants-in-aid are grants received from individuals, private organisations, foreign governments and international organisations for specific purposes. They form part of non-tax revenue of the government.