Revenue from the State Government's Public Works Department is a source of:

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ATax revenue

BCapital receipts

CNon-tax revenue

DPublic debt

Answer:

Revenue from services provided by a government department, such as the Public Works Department, is classified as non-tax revenue.

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കാർഷിക ആദായ നികുതി ഏർപ്പെടുത്തിയ ആദ്യ ഇന്ത്യൻ സംസ്ഥാനം ഏത് ?

Which of the following is a form of indirect tax?

i.Income tax

ii.Wealth tax

iii.Corporation tax

iv.Sales tax

Consider the following statements regarding the ‘Progressive taxation’:

I.Progressive taxation method has increasing rates of tax for increasing value or volume on which the tax is being imposed.

II.Progressive taxation method has increasing rates of tax for decreasing value or volume on which the tax is being imposed.

III. The idea of Progressive taxation is less tax on the people who earn less and higher tax on the people who earn more.

Which of the following statement(s) is/are correct?