Railway Budget — Set 2
Indian Railways · रेल बजट · Questions 11–20 of 50
What is the primary source of revenue highlighted in a Railway Budget?
Correct Answer: C. Freight Earnings
Freight earnings consistently contribute the largest share of Indian Railways' revenue. It accounts for more than 60% of the total internal income. Passenger fares are the second-largest source of income.
Who was the Railway Minister when the live telecast of the Railway Budget started in 1994?
Correct Answer: D. C.K. Jaffer Sharief
The live telecast of the budget speech began during C.K. Jaffer Sharief's tenure. This was part of increasing transparency in government proceedings. It allowed the general public to witness the announcements in real-time.
The term 'Operating Ratio' in the Railway Budget indicates what?
Correct Answer: D. Efficiency of Expenditure
The operating ratio measures the amount spent to earn every 100 rupees. A lower ratio indicates better financial health and efficiency. It is a key performance indicator used in every annual budget report.
Which state has never had its own representative as a Railway Minister presenting the budget?
Correct Answer: C. Sikkim
States like Bihar, West Bengal, and Karnataka have had many ministers in this role. Small states like Sikkim have not yet seen a representative head this specific ministry. Bihar has historically seen the highest number of Railway Ministers.
What does 'Gross Traffic Receipts' represent in railway financial terms?
Correct Answer: D. Total earnings
The correct answer is 'Total earnings'. Gross Traffic Receipts include all income earned from passengers, freight, and other sources. It is the top-line figure in the railway financial statement. This figure excludes external borrowings or government grants.
Who presented the last separate Railway Budget of India?
Correct Answer: D. Suresh Prabhu
Suresh Prabhu presented the final separate Railway Budget in 2016. After this, the portfolio was merged for budget presentation purposes. He was known for introducing several technology-driven reforms in the ministry.
Which document is presented along with the budget to show the status of ongoing projects?
Correct Answer: D. Pink Book
The Pink Book is the most important document for railway project tracking. It contains details of all sanctioned works and their fund allocations. It is an essential reference for engineers and administrators.
Historically, which category of trains was often introduced as 'Budget Special' trains?
Correct Answer: A. Garib Rath
Garib Rath trains were introduced in the 2006 budget to provide affordable AC travel. They were a signature announcement by then-minister Lalu Prasad Yadav. These trains have fewer amenities but lower fares compared to Rajdhani.
In the railway budget, what is the 'Capital Fund' used for?
Correct Answer: C. Asset creation and modernization
The correct answer is 'Asset creation and modernization'. The Capital Fund is dedicated to long-term investments like new tracks and engines. It is distinct from the revenue expenditure used for daily operations. This fund ensures the future growth of the railway network.
Which Railway Minister presented a budget that introduced the 'Tatkal' scheme?
Correct Answer: A. Nitish Kumar
Nitish Kumar introduced the Tatkal booking scheme in 1997. It was aimed at helping passengers who need to travel at short notice. Initially, it was available only for a few trains and specific classes.