Civil Services APPSC Group I Services Prelims Mock Test Series 2025 Current Affairs Business and Economy
Consider the following statements regarding trends in States' revenue collection and dependency on the Centre:
1. States’ own tax revenue as a share of their total revenue has consistently remained above 50% over the last decade.
2. The share of transfers from the Centre in States’ total revenue has increased in the last decade compared to the early 2000s.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2