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.