Correct Answer:
A. Royalties and fees for government services
Non-tax revenue includes fees, fines, profits of public enterprises, rents and royalties.
November 13, 2026 · Accounting and Finance MCQs, Public Finance & Budgeting MCQs
Which of the following is an example of non-tax revenue?
Related MCQs
Risk-free rate is 5%, beta is 1.2 and expected market return is 10%. The cost of equity under CAPM is:
A.
11%
B.
12%
C.
6%
D.
10%
Correct answer is:
A. 11%
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A transfer price is:
A.
The price charged to external customers
B.
The price of raw materials from suppliers only
C.
The price at which goods or services are transferred between divisions of the same organization
D.
A government-regulated price
Correct answer is:
C. The price at which goods or services are transferred between divisions of the same organization
Do you agree with this answer?
Fiscal policy is the use of:
A.
Interest rates and money supply by the central bank
B.
Exchange rate controls only
C.
Government spending and taxation to influence the economy
D.
Foreign aid only
Correct answer is:
C. Government spending and taxation to influence the economy
Do you agree with this answer?
A just-in-time (JIT) system aims to:
A.
Keep large safety stocks
B.
Reduce inventory by producing or buying only when needed
C.
Produce in large batches for future demand
D.
Increase the number of suppliers
Correct answer is:
B. Reduce inventory by producing or buying only when needed
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Sales tax in the form of a value added tax (VAT) is levied on:
A.
Final retail price only, once
B.
Profits of companies
C.
Value added at each stage of production and distribution
D.
Wealth of individuals
Correct answer is:
C. Value added at each stage of production and distribution
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Standard deviation of returns is a measure of:
A.
Expected return
B.
Liquidity
C.
Systematic risk only
D.
Total risk (variability of returns)
Correct answer is:
D. Total risk (variability of returns)
Do you agree with this answer?
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