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A state budget includes a comprehensive account of both revenue receipts (money from taxes and non-tax sources) and capital receipts (money from borrowings and disinvestment), as well as details of expenditure.

AProceeds from the sale of government assets

BIncome generated from public sector undertakings

CFees for licenses and services

DInterest received on government loans

Answer:

C. Fees for licenses and services

Read Explanation:

  • Non-tax revenue includes income from sources other than taxes, such as fees for government services, fines, and interest receipts.

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