wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Consider the following with respect to the Railway budget
1. It was separated in 1920s based on the recommendation of Acworth committee
2. Railway budget was merged with Union budget by the NDA government
3. It shows the reducing composition of railways budget in overall budget scenario

A
1 only
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
1 and 2
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
1 and 3
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
1,2 and 3
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is D 1,2 and 3
Based upon the recommendations of Acworth Committee, the Finances of Railways were separated in 1924 and thus from 1924 onwards, the Railway Budget was separated from the General Budget.

In 1924, when the first Railways budget was presented, the Railways entailed more funds than India’s expenditure on all other aspects of administration combined. Moreover, it was a tool to protect the foreign investment, particularly British investment in railways in India.

In 2017, the NDA Government had merged the Railway Budget with the Union Budget, thus ending a practice that had started in 1924 when the country was under British rule.

flag
Suggest Corrections
thumbs-up
1
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Introduction to Financial Planning
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon