Studies relating to subsidies, where these could be safely formulated in the context of international trade, often occupy centre-stage. Estimates of subsidies arising out of government policy/expenditure programme are relatively less well understood. Such studies are usually cast in a mould to estimate service level cost under-recovery, This paper investigates three specific routes served by Rajasthan State Road Transport Corporation, and examines certain characteristic ratios, that reflect, partyly or wholly, components of cost under-recovery.