Multiple choice

Union Excise Duties are a part of Central Government's;

  1. Non-tax Revenue

  2. Tax revenue

  3. Capital receipts

  4. None of these

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Union Excise Duties are classified as tax revenue for the Central Government because they are compulsory levies on goods manufactured within the country. Tax revenue includes all direct and indirect taxes collected by the government, as opposed to non-tax revenue which comes from fees, interest, and dividends.