Yes there are numerous penalties in Golf. There is a rule book that has hundreds of rules dealing with difficult, unusual, and penalties for golf. For example, if you hit a golf ball out of bounds or outside of the white sticks, that is a two stroke penalty and you hit from the same spot. If you hit into the water, it's a two stroke penalty as well, but you can hit two club lengths away from the nearest point of relief from where it went into the water.
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Penalties are given in a different way in Basketball than in football. Someone who commits a foul will have a foul added to their stats, and then the fouled person will shoot foul shots.
One type of penalty is when a defensive player hits the hand of the shooter when shooting, or travel when you take to many steps before bouncing the basketball.