Consider the following statements regarding Punjab’s declining own-tax revenue:

  1. The introduction of GST has significantly improved Punjab’s own tax revenue.
  2. The non-tax revenue-to-GSDP ratio has declined from 5% in 2001-02 to less than 1% in 2022-23.
  3. The highest share of own tax revenue in Punjab comes from excise duty and GST.
  4. Punjab’s land revenue has more than doubled between 2021-22 and 2022-23.
Which of the above statements are correct?

1
1 and 3 only
2
2, 3, and 4 only
3
1, 2, and 3 only
4
2 and 4 only

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