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Sources of Public revenue, Public finance Video Lecture | Public Finance - B Com

37 videos|35 docs|15 tests
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00:00 Definition of Public revenue Difference between Public revenue & Public receipts Sources of public revenue tax –3 sources
04:38 Characteristics of a Tax Sources of public revenue non tax -source
09:56 Objectives of Taxes Classification of Taxation Direct taxes & Indirect taxes
13:02 Principles of taxation Some concepts related with taxation
16:21 Model Questions
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FAQs on Sources of Public revenue, Public finance Video Lecture - Public Finance - B Com

1. What are the main sources of public revenue?
Ans. The main sources of public revenue are taxes, such as income tax, sales tax, and property tax; fees and charges, such as license fees and tolls; borrowing, through the issuance of government bonds; grants and aids from international organizations or other governments; and revenue from state-owned enterprises, such as dividends and profits.
2. How does taxation contribute to public revenue?
Ans. Taxation contributes to public revenue by requiring individuals and businesses to pay a portion of their income or profits to the government. This revenue is then used to fund public goods and services, such as infrastructure development, healthcare, education, and defense. The government determines the tax rates and structures to ensure a fair distribution of the tax burden among different income groups and to meet its revenue requirements.
3. What are the advantages of borrowing as a source of public revenue?
Ans. Borrowing can be advantageous as a source of public revenue because it allows the government to finance large-scale projects or cover budget deficits without immediately burdening taxpayers. By issuing government bonds, the government can raise funds from investors and promise to repay the principal amount with interest in the future. This enables the government to invest in long-term development projects and stimulate economic growth.
4. How do grants and aids contribute to public revenue?
Ans. Grants and aids from international organizations or other governments contribute to public revenue by providing financial assistance to the recipient government. These funds are typically provided for specific purposes, such as poverty alleviation, infrastructure development, or disaster relief. The recipient government can use these grants and aids to supplement its own resources and finance projects that benefit its population.
5. Can state-owned enterprises generate significant revenue for the government?
Ans. Yes, state-owned enterprises can generate significant revenue for the government. These enterprises are owned and operated by the government and can contribute to public revenue through various means. For example, they may pay dividends or transfer profits to the government's coffers. Additionally, state-owned enterprises can generate revenue through the provision of goods and services, such as electricity, telecommunications, or transportation, which can be a significant source of income for the government.
37 videos|35 docs|15 tests
Video Timeline
Video Timeline
arrow
00:00 Definition of Public revenue Difference between Public revenue & Public receipts Sources of public revenue tax –3 sources
04:38 Characteristics of a Tax Sources of public revenue non tax -source
09:56 Objectives of Taxes Classification of Taxation Direct taxes & Indirect taxes
13:02 Principles of taxation Some concepts related with taxation
16:21 Model Questions
More
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