Hi,
The exclusions on the advanced options panel are to exclude post type results in connection with the given taxonomies.
If you don’t want to display taxonomy terms as results at all, then make sure nothing is selected on the General Opions -> Sources 2 panel: https://i.imgur.com/jY2SOaJ.png
If you want to display taxonomy terms as results, but exclude some of them, you can do it on the same panel, by entering the term IDs you want to exclude: https://i.imgur.com/bfvBBZq.png
I hope this helps!
Best,Ernest Marcinko
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