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Which among the following are sources of non-tax revenue receipts for the Union Government?

1. Disinvestment Receipts

2. Spectrum Fees

3. Dividends from Public Sector Undertakings

4. Interest Received on Loans given by the Government

Choose the correct answer from the choices given below:

1. Only 3 and 4
2. Only 3
3. Only 2, 3 and 4
4. All of the above

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Correct Answer - Option 3 : Only 2, 3 and 4

The correct answer is Only 2, 3 and 4.

  • Non-tax revenue receipts for the Union Government:
    •  The Non-Tax Revenue is the recurring income earned by the government from sources other than taxes.
    • The government collects interest as non-tax revenue on the loans and funds advanced to states for various purposes.
    • The government collects non-tax revenue in return for providing/facilitating any goods or services.
    • Tax revenue is charged on income earned by an individual or an entity (direct tax) and on the value of transaction of goods and services (indirect tax) while non-tax revenue is charged against services provided by the government.
  • Sources:
    • Spectrum Fees
    • Dividends from Public Sector Undertaking
    • Interest Received on Loans given by the Government. Hence, statements 1, 2 and 3 are correct.
  • Disinvestment Receipts: is a component of non-debt capital receipts. Hence, statement 1 is incorrect.

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