Which of the following is NOT a source of government revenue?

By: |Published on: Oct 20|Categories: Economics JAMB| 0 comments

A. Grants, aids and borrowing
B. Taxes, fees, licenses and fines
C. Interest, dividends, profits and earnings
D. personal income, disposable income and transfer earnings

Correct Answer:

Option D – personal income, disposable income and transfer earnings

Explanation

Personal income, disposable income and transfer earnings are sources of individual income after payment of taxes and charges left to be spent or saved as one wishes. Source of Government revenue include Grants, aids, borrowings, taxes, fees, licences, fines, dividends, profit and many others but not personal income. Disposable income and transferable income.

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