Which of the following is correct about Indian Railways?

1. It has no independence or freedom of utilising funds in its own way.

2. In the 2017 Union Budget, it was decided that Railway Budget would be separated from the Union Budget.

Ony 1 is correct

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Both 1 and 2 are incorrect

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Both 1 and 2 are correct

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Only 2 is correct

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Solution

The correct option is A
Ony 1 is correct

1 is correct and 2 is incorrect. In the 2017 Union Budget, it was decided that Railway Budget would be clubbed with the Union Budget.

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Similar questions

Q10) Consider the following statements:

1. The Acworth Committee recommended the consolidation and nationalization of the Indian Railways.

2. Bibek Debroy recommended the merger of Indian Railway budget with union budget.

Which of the above is/are incorrect?

92. Which of the following statement/s is/are correct with regard to the budget 2017-18?

i) This budget did not have separate plan and non-plan classifications.

ii) The budget was advanced by a month

iii) For the first time, a consolidated outcome budget, covering all the ministries and departments was laid along with the union budget

iv) Railway budget is merged with the general budget.

It was Radcliffe Committee in 1920-21, headed by British railway economist William Radcliffe, which decided a seaprate budget for the Railways.

18. Which of the following recommendations were part of BibekDebroy Committee on Restructuring of Indian Railways?

Identify the correct option.

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