Question

For ____________separate budget presents every year before the Parliament.

• A. defence
• B. railway
• C. post and telegraph
• D. all the three

Answer 1

Answer: (B)

railway

The practice of a separate Railway Budget started in 1924 during the British rule in India. During those days, Railways was the largest industrial asset of the country and used to occupy a significant portion of the budgetary allocations (75 to 85 %). Since the Railways then constituted such a large portion of the General Budget, it was recommended by the Britishers to have a seperate budget for railways for better policy formation.