You have successfully found out the main sources of non-tax revenue,

1.	You have successfully found out the main sources of non-tax revenue, in the above activity. Now clarify each of them. An example is given for you.Interest: Interest is the amount received for the loans provided by the government
Answer» Fees: Reward collected for the government’s services. Eg: License fees, Tuition fees, Registration fees etc. Fines and penalties: Punishments for violating the laws. Grants: Financial aid provided by one government to another. For example, grants are provided by central and state government to local self governments. Interest: Amount received for loans provided by the government to various enterprises, agencies and countries. Profit: Income received from the enterprises operated by the government. Eg. Profit from Indian Railways.

You have successfully found out the main sources of non-tax revenue, in the above activity. Now clarify each of them. An example is given for you.Interest: Interest is the amount received for the loans provided by the government

Answer»

Fees: Reward collected for the government’s services.

Eg: License fees, Tuition fees, Registration fees etc.

Fines and penalties: Punishments for violating the laws.

Grants: Financial aid provided by one government to another.

For example, grants are provided by central and state government to local self governments.

Interest: Amount received for loans provided by the government to various enterprises, agencies and countries.

Profit: Income received from the enterprises operated by the government.

Eg. Profit from Indian Railways.

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