RAS question
What is the growth rate of own tax revenue in 2023-24?
Correct answer: (B) 7.72%.
Rajasthan's own tax revenue grew by 7.72% in 2023-24.
Explanation
The growth rate of Rajasthan's own tax revenue in 2023-24 was 7.72%. The Economic Review 2024-25 places this figure in the fiscal-position table under "Rate of Growth of own Tax Revenue (%)" for 2023-24, after 16.76% in 2022-23. The same review explains that revenue receipts rose by 4.25% over the previous year, while own tax revenue grew faster at 7.72%. It attributes the own-tax increase to growth in major state tax heads, especially State Goods and Services Tax at 12.50%, along with stamps and registration, electricity duty, vehicle tax and sales tax.
Why the other options are wrong
- (A) 12.50% is the growth rate of State Goods and Services Tax, not the overall growth rate of own tax revenue.
- (C) 16.76% belongs to the previous year, 2022-23, in the Economic Review's own-tax revenue growth row.
- (D) 4.25% is the growth rate of revenue receipts in 2023-24, while own tax revenue grew by 7.72%.
Concept
This tests Rajasthan economy public finance, especially the ability to read fiscal indicators in the Economic Review. It recurs in RAS because closely placed figures such as revenue receipts, SGST and own tax revenue are easy to confuse.