Which of the following is a source of revenue to the federation account?

Which of the following is a source of revenue to the federation account?

  • A.
    Market fees
  • B.
    Bicycle licences
  • C.
    Tarrifs
  • D.
    Property rates
Correct Answer: Option C
Explanation

Tariff is a tax or duty to be paid on a particular class of imports or exports. It is a source of revenue to the government because these taxes are paid to the government of the importing country.

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