Correct option is C
Fees and Fines collected is a non-tax receipt.
This statement is true as fees and fines collected by the government are considered non-tax revenues.
They are payments made to the government for specific services or as penalties imposed for violations of laws, unlike taxes, which are compulsory charges without direct benefit to the payer.
Tax Receipts:
Tax receipts are revenues collected by a government from taxes such as income, sales, and property taxes, which are mandatory payments without direct reciprocation of goods or services.
Non-Tax Receipts:
Non-tax receipts are revenues that a government collects from sources other than taxes, including fees, fines, grants, and revenues from public enterprises.
English
80 Questions
160 Marks
60 Mins
