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ICSE Class 10 Answered

State two sources of government income.
Asked by Topperlearning User | 27 Apr, 2015, 01:40: PM
answered-by-expert Expert Answer

Tax revenue and non-tax revenue are two sources of income for the government.

Tax revenue: Tax is the amount of money that the government collects from the citizens of a country to meet the expenditure. For example: Income tax is imposed on income earners and sales tax is imposed on the sellers of goods etc.

Non-tax revenue: The government collects revenue by rendering administrative services to the citizens. For example: License fees, fines charged for violation of rules etc.

Answered by | 27 Apr, 2015, 03:40: PM
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