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Question
| Mr. Rao needs to pay license fee to the government to start his electric vehicle shop and some documents to meet the safety norms. |
The revenue earned by the government from this process will be called as ______ revenue.
Options
Commercial
Central
GST
Administrative
MCQ
Fill in the Blanks
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Solution
The revenue earned by the government from this process will be called as Administrative revenue.
Explanation: The government charges fees for services, licenses, and other administrative tasks in order to generate income. It is not the same as specific forms of income, which relate to more general categories of tax revenue or revenue from particular industries, or tax revenue, such as the Goods and Services Tax (GST).
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