4. is the main source of income of the Government a) Internal Trade b) International business c) Tax d) None of these
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Answer:
C ) Tax
Tax is the main source of income of the Government
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I think Option C
Explanation:
In effect, government's expenditure generally surpasses its revenue which results into Revenue or Fiscal deficit. In the first place, major source of government revenue is from taxation, but there are non-tax sources too. At last, government resorts to deficit financing to fulfill its commitments.
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