Railway Budget — Set 1
Indian Railways · रेल बजट · Questions 1–10 of 50
Which committee's recommendations led to the separation of the Railway Budget from the General Budget in 1924?
Correct Answer: C. Acworth Committee
The Acworth Committee recommended the separation of railway finances in 1921. This led to the first separate Railway Budget in 1924. The committee was headed by British economist William Acworth.
In which year was the Railway Budget merged back into the Union Budget of India?
Correct Answer: C. 2017
The Union Cabinet decided to merge the Railway Budget with the General Budget on September 21, 2016. The first merged budget was presented in February 2017. This ended a 92-year-old tradition of separate budgets.
Who holds the record for presenting the most number of Railway Budgets in India?
Correct Answer: C. Jagjivan Ram
Jagjivan Ram presented the Railway Budget seven times during his tenure. He served as the Railway Minister for two different periods. This remains one of the longest cumulative durations for a minister in this portfolio.
Who was the first woman to present the Railway Budget in the Indian Parliament?
Correct Answer: D. Mamata Banerjee
Mamata Banerjee became the first female Railway Minister to present the budget in 2000. She has presented the Railway Budget for two different governments. She also holds the distinction of being the first woman to represent two different states in the cabinet.
Which committee suggested the merger of the Railway Budget with the General Budget in 2016?
Correct Answer: C. Bibek Debroy Committee
The Bibek Debroy Committee recommendation was the primary basis for the budget merger. It argued that a separate budget was no longer necessary for the Railways' functioning. The committee focused on the structural transformation of the Indian Railways.
Before the merger, who used to present the Railway Budget in the Lok Sabha?
Correct Answer: C. Railway Minister
The Railway Minister was traditionally responsible for presenting the separate Railway Budget. This presentation usually took place a few days before the General Budget. Currently, the Finance Minister presents the railway component within the Union Budget.
Who was the first Indian to present the Railway Budget in pre-independence India?
Correct Answer: D. Asaf Ali
Asaf Ali presented the railway budget in the Interim Government in 1946. He was the first Indian to hold the transport and railways portfolio. He was also a prominent lawyer and freedom fighter.
In which month was the separate Railway Budget traditionally presented?
Correct Answer: C. February
The Railway Budget was traditionally presented in the last week of February. It was scheduled just before the presentation of the General Budget. This timeline helped in aligning transportation plans with national economic goals.
What was the duration of the 'separation convention' that kept the budgets separate?
Correct Answer: C. 92 years
The separation lasted from 1924 until the final separate budget in 2016. This spans a total of 92 years. The convention was based on the premise that railways were a commercial venture.
Which Finance Minister presented the first merged Union Budget in 2017?
Correct Answer: D. Arun Jaitley
Arun Jaitley presented the first integrated budget in 2017. He was the Finance Minister of India at the time of this historic transition. This move simplified the parliamentary process for financial approvals.