Fill in the blank: The primary source of income for the government is ___ revenue. | Card: 1 / 26 |
True or False: Non-tax revenue is collected primarily from taxes imposed on individuals and businesses. | Card: 3 / 26 |
Fill in the blank: Taxes are imposed on ___ and businesses to cover government expenditures. | Card: 5 / 26 |
Tax revenue comes from taxes.
| Card: 8 / 26 |
A tax is a mandatory payment imposed by the government, while a price is only paid by those who purchase goods and services. | Card: 10 / 26 |
Fill in the blank: A fee is charged for a specific purpose, whereas taxes are ___ payments to the government. | Card: 11 / 26 |
True or False: When people pay taxes, they are guaranteed specific benefits in return. | Card: 13 / 26 |
![]() Unlock all Flashcards with EduRev Infinity Plan Starting from @ ₹99 only |
The Right of Escheat allows the government to acquire the property or bank balance of a person who dies without a will or legal heirs. | Card: 16 / 26 |
Fill in the blank: Tax relief provided to entrepreneurs helps them manage the ___ of goods. | Card: 21 / 26 |
False. Direct taxes cannot be shifted and the burden falls on the individual or entity liable for the tax. | Card: 24 / 26 |
Custom duties reduce the import of goods that are available domestically, promoting local industries and trade. | Card: 26 / 26 |






