Railway Budget — Set 3
Indian Railways · रेल बजट · Questions 21–30 of 50
What is the function of the 'Railway Convention Committee' regarding the budget?
Correct Answer: D. Recommending dividend rates
This committee recommends the dividend the Railways must pay to the General Revenues. It is a parliamentary committee consisting of members from both houses. It reviews the financial health of the railways periodically.
Which budget introduced the 'Duronto' non-stop train service?
Correct Answer: D. 2009
The Duronto Express was introduced in the 2009-10 Railway Budget. These are point-to-point non-stop trains intended to save time. Mamata Banerjee was the minister who launched this service.
In railway accounting, what does the term 'Appropriation to Pension Fund' mean?
Correct Answer: D. Money set aside for future pensions
This is a mandatory provision made in the budget to meet future pension liabilities. As the workforce ages, this becomes a significant part of the expenditure. It ensures that the railway can honor its commitments to retired employees.
Which minister introduced the concept of 'Vishwaas' and 'Navratna' in his budget speech?
Correct Answer: A. Suresh Prabhu
Suresh Prabhu used these themes to highlight transparency and autonomy in his budget. He focused on structural changes rather than just announcing new trains. These concepts were part of his vision for 'Railway Transformation'.
Which document gives a summary of the performance of the previous financial year in the budget?
Correct Answer: B. Explanatory Memorandum
The Explanatory Memorandum provides a detailed analysis of the figures presented in the budget. It compares the actual performance with the previous year's goals. It is essential for understanding the reasoning behind fund allocations.
Historically, the Railway Budget was presented on which day relative to the General Budget?
Correct Answer: B. Two days before
Traditionally, the Railway Budget was presented two days prior to the General Budget. This gave parliamentarians time to debate railway issues separately. Since 2017, both are presented together on February 1st.
Which minister's budget introduced the first 'Shatabdi Express'?
Correct Answer: A. Madhavrao Scindia
The Shatabdi Express was introduced in 1988 to commemorate the birth centenary of Jawaharlal Nehru. Madhavrao Scindia was the Railway Minister who initiated this high-speed service. The first Shatabdi ran between New Delhi and Jhansi.
In the budget, what is meant by 'Operating Expenses'?
Correct Answer: B. Daily running costs like fuel and staff
Operating expenses cover essential daily costs like maintenance, fuel, and salaries. This is the largest portion of the revenue expenditure. Managing these costs is crucial for maintaining a healthy operating ratio.
Which Railway Budget introduced the 'Sampark Kranti' trains to connect states to the capital?
Correct Answer: B. 2004-05
The Sampark Kranti Express was announced in the 2004-05 budget. These trains provide high-speed connectivity between state capitals and New Delhi. They are intended as a faster alternative to regular express trains.
Which is the first railway station in India to be developed through the PPP model mentioned in budgets?
Correct Answer: A. Habibganj
Habibganj (now Rani Kamalapati) in Bhopal was the first station developed under the Public-Private Partnership model. This model was heavily promoted in recent budgets to modernize infrastructure. It involves private investment in station amenities.