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What is the difference between fees and fines as sources of non-tax revenue?

AFees are mandatory payments, while fines are voluntary.

BFees are for specific services, while fines are punitive.

CFees are collected by the central government, while fines are collected by local authorities.

DFees are based on income, while fines are fixed amounts.

Answer:

B. Fees are for specific services, while fines are punitive.

Read Explanation:

  • Fees are a payment for a government service (e.g., license), while fines are a penalty for violating a law or regulation.


Related Questions:

Which of the following is an indirect tax?
The amount collected by the government in the form of interest, fees, and dividends is known as ________
നികുതിയുടെ മേൽ ചുമത്തുന്ന അധിക നികുതിക്ക് പറയുന്ന പേര്
What is the primary objective of non-tax revenue as a source of government funds?
Revenue from the sale of government services, such as water supply and electricity, is often classified as: