Consider the following statements regarding State Finances analysis reports: Statement-I: State Finance reports seek to provide standardised and comparable audited fiscal data of all States for inter-State and inter-temporal fiscal analysis. Statement-II: States' Own Tax Revenue (SOTR) constituted the single largest component of States' revenue receipts in FY 2023–24. Statement-III: Capital expenditure formed more than half of the total expenditure of States in FY 2023–24. Which one of the following is correct in respect of the above statements?

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Current Affairs · Public Finance & State Finances

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

Only one of Statement-II and Statement-III is correct and that explains Statement-I

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Answer 1

Both Statement-II and Statement-III are correct and both of them explain Statement-I

Answer 2

Both Statement-II and Statement-III are correct, but only one of them explains Statement-I

Answer 3

Only one of Statement-II and Statement-III is correct and that explains Statement-I

Answer 4

Neither Statement-II nor Statement-III is correct

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