please help me with this question as fast as possible..
Dear Student
The major and primary source of revenue of the govt. Budget are tax revenue such as individual income tax, payroll tax, corporate tax etc. Non tax revenue includes revenue from foreign aids and grants but they cannot be considered as major or primary source of govt. revenue.
Regards
The major and primary source of revenue of the govt. Budget are tax revenue such as individual income tax, payroll tax, corporate tax etc. Non tax revenue includes revenue from foreign aids and grants but they cannot be considered as major or primary source of govt. revenue.
Govt allocated resources from the budget to different sectors of the economy which also includes management of public sector undertakings
So correct answer is (c) that is assertion is false but reason is true.
Regards