‘Own Tax Revenue’ of a state refers to:

Taxes collected by the state government
Central taxes shared with the state
All taxes collected within the state
None of the above

The correct answer is: Taxes collected by the state government.

Own tax revenue is the revenue that a state government collects from taxes that it has the power to levy. This includes taxes on income, property, sales, and other sources. Own tax revenue is an important source of funding for state governments, and it is used to provide a variety of services, such as education, healthcare, and transportation.

Central taxes shared with the state are taxes that are collected by the central government, but a portion of which is shared with the states. These taxes include income tax, corporate tax, and customs duty. The amount of tax that is shared with each state is determined by a formula that takes into account the state’s population, income, and tax effort.

All taxes collected within a state include both own tax revenue and central taxes shared with the state. This is the total amount of tax revenue that is generated within a state.

None of the above is not the correct answer.