RAS question
What is the fiscal deficit to GSDP ratio for Rajasthan in 2023-24?
Correct answer: (D) 4.31%.
Rajasthan's fiscal deficit to GSDP ratio in 2023-24 was 4.31 per cent.
Explanation
Rajasthan's fiscal deficit to GSDP ratio for 2023-24 was 4.31 per cent. The Rajasthan Economic Review 2024-25 states that the fiscal deficit in 2023-24 remained at Rs 65,580 crore, against Rs 65,082 crore in the Revised Estimates, and that the fiscal deficit to Gross State Domestic Product ratio remained 4.31 per cent. This is why option D is the correct answer. The other options are not close variants for the same year; they are ratios from earlier years in the fiscal-position table, so using them would mix up the year asked in the question.
Why the other options are wrong
- (A) 3.76 per cent belongs to 2022-23, not to 2023-24, for which the ratio is 4.31 per cent.
- (B) 4.03 per cent is the 2021-22 fiscal deficit to GSDP ratio, so it does not answer the 2023-24 question.
- (C) 5.83 per cent was the ratio for 2020-21, whereas the 2023-24 figure is 4.31 per cent.
Concept
This tests Rajasthan public finance, especially the fiscal deficit to GSDP indicator used to judge the scale of state borrowing against the economy. It recurs in RAS because Economic Review tables often ask for exact, year-specific fiscal ratios.