The correct answer is D) All of the above.
State Taxes (GST, Excise): State taxes are a major source of revenue for the Madhya Pradesh government. The state government collects taxes on a variety of goods and services, including sales tax, excise tax, and motor vehicle tax.
Central Grants: The central government also provides grants to the state government. These grants are used to fund a variety of programs and projects, including education, health care, and infrastructure development.
Borrowings: The state government also borrows money to finance its operations. The money is borrowed from a variety of sources, including banks, financial institutions, and the public.
The state government uses the revenue it collects to fund a variety of programs and services, including education, health care, infrastructure development, and law enforcement.