RAS question
According to the Rajasthan Economic Review, what was the growth in Stamps and Registration revenue in 2023-24 over the previous year?
Correct answer: (C) 12.12%.
According to the Rajasthan Economic Review 2024-25, Stamps and Registration revenue grew by 12.12 per cent in 2023-24 over the previous year.
Explanation
The Rajasthan Economic Review places Stamps and Registration within the state's own tax revenue trends for 2023-24. Revenue Receipts rose by 4.25 per cent over the previous year, while Own Tax Revenue grew by 7.72 per cent. That Own Tax Revenue growth came from several heads, including State Goods and Services Tax at 12.50 per cent and Stamps and Registration at 12.12 per cent. The relevant figure is therefore not the general revenue-growth number, but the specific growth rate recorded for Stamps and Registration revenue. The official review names 12.12 per cent for that revenue head.
Why the other options are wrong
- (A) 5 per cent is below the Stamps and Registration growth figure and is not the recorded value for this revenue head.
- (B) 8 per cent is close to the 7.72 per cent Own Tax Revenue growth figure, but it is not the Stamps and Registration growth rate.
- (D) 15 per cent overstates the increase; the Economic Review records Stamps and Registration growth at 12.12 per cent.
Concept
This tests Rajasthan public finance, especially the composition and movement of the state's own tax revenue. RAS repeatedly asks such Economic Review figures because revenue heads like SGST, Stamps and Registration, and vehicle tax show the state's fiscal capacity.