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Consider the following statements.1. Tax revenue is charged on income earned by an individual or an entity and on the value of transaction of goods and services.2. Non-tax revenue includes interest charged on loans advanced by the government for various purposes.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements.1. Tax revenue is charged on income earned by an individual or an entity and on the value of transaction of goods and services.2. Non-tax revenue includes interest charged on loans advanced by the government for various purposes.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements.1. Tax revenue is charged on income earned by an individual or an entity and on the value of transaction of goods and services.2. Non-tax revenue includes interest charged on loans advanced by the government for various purposes.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.

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