Public Revenue
ICSE · Class 10 · Economics
Most important questions from Public Revenue for ICSE Class 10 Economics board exam 2026. MCQs, short answer, and long answer questions with marks.
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Which of the following are sources of public revenue?
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Taxes, Commercial revenues, Administrative revenues, Gifts and grants
All these are legitimate sources of public revenue except private company profits, which belong to private entities, not the government.
A tax is a compulsory payment to the government.
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True
A tax is indeed a compulsory payment imposed by the government. Citizens cannot refuse to pay taxes, and non-payment leads to legal action.
Income tax is an example of which type of tax?
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Direct tax
Income tax is a direct tax because it is paid by the same person on whom it is imposed and cannot be shifted to others.
Which taxes can have their burden shifted to others?
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Indirect taxes
Indirect taxes like excise duty and sales tax can be shifted from producers to consumers through higher prices, while direct taxes cannot be shifted.
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