Consider the following statements.
1. Taxes, fines and forfeitures, special assessment levies, escheats, gifts and grants etc. received by the government are included in earned revenue of the government.
2. Sources of public revenue can also be classified into tax and non-tax revenue.
Which of the statement(s) given above is/are correct?
1
Only 1
2
Only 2
3
Both 1 and 2
4
None of these