Question

13. Consider the following statements,
1] The “Acworth Report”, led to reorganization of Indian Railways; thus separating the railway finances of India from the general government finances.

2] India’s first Finance Minister, Sir R.K. ShanmughamChetty, presented the first Finance Budget of independent India on November 26, 1947.

Which of the above statements is/are correct?

• A. a) 1 Only
• B. b) 2 Only
  
• C. c) Both 1 and 2
  
• D. d) Neither 1 nor 2

Answer 1

The correct option is C c) Both 1 and 2

Ans c)