56. The railways freight and passenger fares are set by

a) Ministry of Railways

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b) Independent Regulatory authority

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c) Union government

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d) Union government in concurrence with the state governments

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Solution

The correct option is C
c) Union government

Ans. 56. C

Explanation: Union government sets the railway fares presently but many committees have recommended to set up an independent regulatory authority for the same.

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Similar questions

Which of the following taxes form the part of Consolidated Fund of India?

1) Terminal taxes on goods or passengers carried by railway, sea or air;

2) Taxes on railway fares and freights;

3) Taxes other than stamp duties on transactions in stock exchanges and futures markets;

4) Taxes on the sale or purchase of newspapers and on advertisements published therein;

Select the correct answer using the code given below.

\frac{1}{6} a n d \frac{1}{12}

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