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Write Short Note On: Revenue Receipts - Economics

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Short Note

Write short note on:

Revenue receipts 

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Solution

Revenue receipts are those receipts of the government which neither creates any liability nor any reduction in the assets of the government. These comprise of tax and non-tax receipts, duties and fines, interest and dividends receipts on government investments and assets. These receipts can be classified into the following two categories:

a. Tax revenue
b. Non-tax revenue

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APPEARS IN

Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 14 Public Economics
Exercise | Q 2.2 | Page 129
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