MasteryExams
Economics • Indian EconomyEasy

Which of the following is considered a component of 'Non-Tax Revenue' in the Union Budget of India?

A. Dividends and profits from public sector undertakings and the RBI✓ Correct Answer
B. Corporation tax collections
C. Goods and Services Tax (GST) receipts
D. Customs duties on imported goods

💡 Solution & Explanation

Non-tax revenue receipts in the government budget include interest payments on loans, dividend payouts and profit transfers from public sector undertakings and the central bank, alongside administrative fees. Taxes like corporation tax and customs duties fall under tax revenue heads. Budget composition is a fundamental area in Indian economy.

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