Question
Which of the following are Non-Tax Receipts of the Central Government?
Select the correct answer using the code given below:
- Issue of Passport and Visa
- Registration of Companies
- Royalty from on shore oilfields
- Royalty from offshore oilfields
Select the correct answer using the code given below:
Answer: Option B
Answer: (b)
Royalty from onshore (on land) oilfields goes to the State Governments as State governments are the owners of the minerals beneath the land in their territory.
From offshore (within sea) oilfields, royalty goes to Central Government as Central Govt. is the owner of the offshore fields. So, (iii) statement is not true.
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Answer: (b)
Royalty from onshore (on land) oilfields goes to the State Governments as State governments are the owners of the minerals beneath the land in their territory.
From offshore (within sea) oilfields, royalty goes to Central Government as Central Govt. is the owner of the offshore fields. So, (iii) statement is not true.
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