Rajasthan economy: overview & budget MCQ with Answers
20 questions·with explanations·for RAS, Patwari, VDO and other Rajasthan exams
Questions
Q1
As per the Economic Review of Rajasthan 2025-26, the Gross State Domestic Product (GSDP) of Rajasthan for 2025-26 at current prices is estimated at about:
(1)₹13.95 lakh crore
(2)₹16.10 lakh crore
(3)₹18.75 lakh crore✓ Correct answer
(4)₹22.40 lakh crore
Answer: (3) ₹18.75 lakh crore
Explanation
The Economic Review 2025-26 estimates Rajasthan's GSDP at current prices at about ₹18.75 lakh crore for 2025-26.
Q2
As per the Economic Review of Rajasthan 2025-26, the per capita income (per capita NSDP) of Rajasthan for 2025-26 at current prices is estimated at:
(1)₹1,58,240
(2)₹1,81,560
(3)₹2,46,120
(4)₹2,02,349✓ Correct answer
Answer: (4) ₹2,02,349
Explanation
The Economic Review 2025-26 puts per capita income at current prices at ₹2,02,349 for 2025-26, crossing the ₹2 lakh mark for the first time.
Q3
Consider the following statements about the sectoral composition of Rajasthan's Gross State Value Added (GSVA) at current prices for 2025-26, as per the Economic Review of Rajasthan 2025-26:
1. The services sector contributes the largest share, close to half of the GSVA.
2. The share of the agriculture and allied sector is higher than that of the industry sector.
Which of the statements given above is/are correct?
(1)1 only✓ Correct answer
(2)2 only
(3)Both 1 and 2
(4)Neither 1 nor 2
Answer: (1) 1 only
Explanation
Services contribute about 47.7%, industry 26.5% and agriculture & allied 25.7%, so only statement 1 is correct.
Q4
As per the Economic Review of Rajasthan 2025-26, the real growth rate of Rajasthan's GSDP (at constant 2011-12 prices) for 2025-26 is estimated at about:
(1)6.12%
(2)8.66%✓ Correct answer
(3)7.35%
(4)9.84%
Answer: (2) 8.66%
Explanation
The Review estimates real GSDP growth (constant 2011-12 prices) at about 8.66% for 2025-26.
Q5
As per the Economic Review of Rajasthan 2025-26, which sub-sector has the largest share in the Gross Value Added of the agriculture and allied sector of the state?
(1)Livestock✓ Correct answer
(2)Crops
(3)Forestry and logging
(4)Fishing
Answer: (1) Livestock
Explanation
The Review puts livestock value added for 2025-26 at about ₹2.17 lakh crore, more than the crop sector's ₹1.88 lakh crore; forestry and fishing are far smaller.
Q6
Match the sector with its approximate share in Rajasthan's GSVA at current prices for 2025-26, as per the Economic Review of Rajasthan 2025-26:
A. Services B. Industry C. Agriculture and allied
1. 25.7% 2. 26.5% 3. 47.7%
(1)A-3, B-2, C-1
(2)A-3, B-1, C-2✓ Correct answer
(3)A-2, B-3, C-1
(4)A-1, B-2, C-3
Answer: (2) A-3, B-1, C-2
Explanation
Services 47.7%, industry 26.5% and agriculture & allied 25.7% of GSVA at current prices.
Q7
The Rajasthan State Budget 2026-27 was presented in the State Legislative Assembly on:
(1)11 February 2026✓ Correct answer
(2)1 February 2026
(3)24 February 2026
(4)9 March 2026
Answer: (1) 11 February 2026
Explanation
The Budget 2026-27, the third full budget of the present government, was presented on 11 February 2026.
Q8
The total size (expenditure) of the Rajasthan State Budget 2026-27 is about:
(1)₹4.95 lakh crore
(2)₹5.37 lakh crore
(3)₹6.11 lakh crore✓ Correct answer
(4)₹6.84 lakh crore
Answer: (3) ₹6.11 lakh crore
Explanation
The Budget 2026-27 has a total outlay of about ₹6.11 lakh crore (₹6,10,956 crore).
Q9
In the Rajasthan State Budget 2026-27, the fiscal deficit has been estimated at about what percentage of GSDP?
(1)2.95%
(2)4.25%
(3)4.98%
(4)3.69%✓ Correct answer
Answer: (4) 3.69%
Explanation
The fiscal deficit for 2026-27 is estimated at about ₹79,493 crore, i.e. about 3.7% (3.69%) of GSDP.
Q10
The Rajasthan Budget 2026-27 estimates revenue receipts of about ₹3.26 lakh crore and revenue expenditure of about ₹3.50 lakh crore. The gap of about ₹24,314 crore between them is called the:
(1)Fiscal deficit
(2)Revenue deficit✓ Correct answer
(3)Primary deficit
(4)Budget deficit
Answer: (2) Revenue deficit
Explanation
Revenue expenditure minus revenue receipts is the revenue deficit; for 2026-27 it is about ₹24,314 crore.
Q11
As per the Rajasthan Budget 2026-27, which is the largest source of the state's own tax revenue?
(1)Sales tax/VAT
(2)State excise duty
(3)State Goods and Services Tax (SGST)✓ Correct answer
(4)Stamp duty and registration fees
Answer: (3) State Goods and Services Tax (SGST)
Explanation
SGST, estimated at about ₹72,500 crore, forms about 45% of the state's own tax revenue in 2026-27.
Q12
Consider the following statements about central transfers in the Rajasthan Budget 2026-27:
1. Transfers from the Centre form about two-fifths of the state's revenue receipts.
2. Grants-in-aid from the Centre are larger than the state's share in central taxes.
Which of the statements given above is/are correct?
(1)1 only✓ Correct answer
(2)2 only
(3)Both 1 and 2
(4)Neither 1 nor 2
Answer: (1) 1 only
Explanation
Central transfers (about ₹1.35 lakh crore) are about 41% of revenue receipts; the tax share (about ₹90,446 crore) is double the grants (about ₹44,191 crore).
Q13
Among the following items of committed expenditure in the Rajasthan Budget 2026-27, which one is the largest?
In the Rajasthan Budget 2026-27, which of the following sectors has received the highest allocation?
(1)Education, sports, arts and culture✓ Correct answer
(2)Energy
(3)Rural development
(4)Health and family welfare
Answer: (1) Education, sports, arts and culture
Explanation
Education, sports, arts and culture gets about ₹68,989 crore, ahead of energy (about ₹42,752 crore).
Q15
As per the Rajasthan Budget 2026-27 (PRS analysis), the revenue deficit of the state for 2026-27 is estimated at about what percentage of GSDP?
(1)0.5%
(2)1.1%✓ Correct answer
(3)2.8%
(4)4.4%
Answer: (2) 1.1%
Explanation
The revenue deficit for 2026-27 is estimated at about 1.1% of GSDP, lower than the 1.8% in the revised estimates for 2025-26.
Q16
Under the award of the 15th Finance Commission (2021-26), what was Rajasthan's share in the divisible pool of central taxes?
(1)4.631%
(2)7.512%
(3)6.026%✓ Correct answer
(4)8.904%
Answer: (3) 6.026%
Explanation
The 15th Finance Commission gave Rajasthan 6.026% of the divisible pool.
Q17
The 'Viksit Rajasthan @2047' vision document, approved by the state cabinet in 2025, sets a target of making Rajasthan an economy of what size by 2047?
(1)USD 1.5 trillion
(2)USD 2.5 trillion
(3)USD 4.3 trillion✓ Correct answer
(4)USD 5.5 trillion
Answer: (3) USD 4.3 trillion
Explanation
The vision document, approved in 2025, aims to take Rajasthan's economy from about USD 197 billion to USD 4.3 trillion by 2047.
Q18
In terms of the size of GSDP, Rajasthan was ranked at which position among Indian states at the time of the 'Viksit Rajasthan @2047' vision document (2025)?
(1)Fifth
(2)Sixth
(3)Ninth
(4)Seventh✓ Correct answer
Answer: (4) Seventh
Explanation
Rajasthan was the seventh-largest state economy, with a GSDP of about USD 197 billion.
Q19
In NITI Aayog's first Fiscal Health Index (FHI) 2025, Rajasthan was placed in which category?
(1)Achiever
(2)Performer✓ Correct answer
(3)Front Runner
(4)Aspirational
Answer: (2) Performer
Explanation
FHI 2025 placed Rajasthan among 'Performers'; Odisha topped the index as an 'Achiever'.
Q20
As per the Rajasthan Budget 2026-27 (PRS analysis), the outstanding liabilities of the state at the end of 2026-27 are projected at about what percentage of GSDP?
(1)24.5%
(2)30.2%
(3)45.1%
(4)36.8%✓ Correct answer
Answer: (4) 36.8%
Explanation
Outstanding liabilities are projected at about 36.8% of GSDP, above the 20% debt ceiling suggested for states by the FRBM Review Committee.