Podcast
Questions and Answers
What type of works does Accident Compensation fall under?
What type of works does Accident Compensation fall under?
- New Constructions
- Safety Works (correct)
- Passenger Amenity Works
- Surveys
Which of the following is classified under Suspense Accounts?
Which of the following is classified under Suspense Accounts?
- Division of Labor
- Operating Expenses
- Capital Outlay
- Store Suspense (correct)
What does the term 'Miscellaneous Advances' refer to in the context provided?
What does the term 'Miscellaneous Advances' refer to in the context provided?
- Deep-safety infrastructure investments
- Capital-related advances (correct)
- Short-term loans for projects
- Deposits from branch line companies
What is the code for Deposits with Reserve Bank?
What is the code for Deposits with Reserve Bank?
Which of the following countries is NOT mentioned in relation to Railway transactions?
Which of the following countries is NOT mentioned in relation to Railway transactions?
What does the code '8337' refer to in the context of transaction types?
What does the code '8337' refer to in the context of transaction types?
Which account type refers to '8445' in the provided information?
Which account type refers to '8445' in the provided information?
What category does '8671' fall under?
What category does '8671' fall under?
In the financial context, what does '8797' signify?
In the financial context, what does '8797' signify?
Which option outlines a form of revenue indicated in the document?
Which option outlines a form of revenue indicated in the document?
What is the function of the code '8658'?
What is the function of the code '8658'?
What does the term 'Grand Total' imply in the provided financial information?
What does the term 'Grand Total' imply in the provided financial information?
Which category is NOT mentioned in the earnings section?
Which category is NOT mentioned in the earnings section?
Which of the following indicates a type of advance in relation to railway finances?
Which of the following indicates a type of advance in relation to railway finances?
Which type of account would likely contain uncashed cheques?
Which type of account would likely contain uncashed cheques?
Which fund is specifically designated for the development of railways?
Which fund is specifically designated for the development of railways?
What is a primary source of income for the Railway Pension Fund?
What is a primary source of income for the Railway Pension Fund?
Which of the following funds does NOT relate to railways?
Which of the following funds does NOT relate to railways?
What is the role of the Depreciation Reserve Fund related to railways?
What is the role of the Depreciation Reserve Fund related to railways?
The Revenue Reserved Funds are classified under which category?
The Revenue Reserved Funds are classified under which category?
What is a key purpose of the Railway Development Funds?
What is a key purpose of the Railway Development Funds?
What is the primary purpose of the loans listed under '6425—Loans for Co-operation'?
What is the primary purpose of the loans listed under '6425—Loans for Co-operation'?
Which fund is used for staff benefits associated with railway operations?
Which fund is used for staff benefits associated with railway operations?
Which source contributes to the interest on fund balances within the context of reserve funds?
Which source contributes to the interest on fund balances within the context of reserve funds?
Which code is associated with loans provided to government servants?
Which code is associated with loans provided to government servants?
What does 'Total Part I—Consolidated Fund' represent?
What does 'Total Part I—Consolidated Fund' represent?
What type of funds does the General and other Reserve Funds include?
What type of funds does the General and other Reserve Funds include?
Which of the following is NOT a component of the Railways’ public account?
Which of the following is NOT a component of the Railways’ public account?
What does the code '7615—Miscellaneous Loans' imply?
What does the code '7615—Miscellaneous Loans' imply?
Which fund is associated with '8000—Contingency Fund'?
Which fund is associated with '8000—Contingency Fund'?
What type of transactions does 'Net Adjustment due to transfers and remittances' refer to?
What type of transactions does 'Net Adjustment due to transfers and remittances' refer to?
The purpose of capital outlay on Indian Railways relates to which of these codes?
The purpose of capital outlay on Indian Railways relates to which of these codes?
What is meant by 'Appropriation from the Consolidated Fund'?
What is meant by 'Appropriation from the Consolidated Fund'?
What category includes 'Direct Cash Outlay'?
What category includes 'Direct Cash Outlay'?
What does the acronym 'Pension Fund' refer to in the context of railway accounts?
What does the acronym 'Pension Fund' refer to in the context of railway accounts?
Which of the following is NOT included in the categorization of loans and funds listed?
Which of the following is NOT included in the categorization of loans and funds listed?
Which type of receipts is NOT listed in the consolidated income section?
Which type of receipts is NOT listed in the consolidated income section?
Which of the following is a direct deduction in railway accounts mentioned?
Which of the following is a direct deduction in railway accounts mentioned?
What is the purpose of the Special surcharge on passenger fares?
What is the purpose of the Special surcharge on passenger fares?
What comprises the 'Accident Compensation, Safety and Passenger Amenities fund'?
What comprises the 'Accident Compensation, Safety and Passenger Amenities fund'?
Which of the following correctly aligns with the Code Words for Income Receipts?
Which of the following correctly aligns with the Code Words for Income Receipts?
In railway accounts, what is the main use of the 'Government share of surplus profits'?
In railway accounts, what is the main use of the 'Government share of surplus profits'?
What does the amount met from the Pension Fund suggest about railway expenditure?
What does the amount met from the Pension Fund suggest about railway expenditure?
Which of the following accounts would typically track transactions related to railway advances?
Which of the following accounts would typically track transactions related to railway advances?
Which fund is implied to specifically support the financial requirements associated with accidents and passenger amenities?
Which fund is implied to specifically support the financial requirements associated with accidents and passenger amenities?
Which code corresponds to the account designated for deposits with the Reserve Bank?
Which code corresponds to the account designated for deposits with the Reserve Bank?
What type of transaction would 'remittance into bank' primarily refer to in railway financial dealings?
What type of transaction would 'remittance into bank' primarily refer to in railway financial dealings?
Which category encompasses financial movements related to investments in capital, excluding operational outlay?
Which category encompasses financial movements related to investments in capital, excluding operational outlay?
What type of receipts are included under 'Miscellaneous Receipts' in the financial overview?
What type of receipts are included under 'Miscellaneous Receipts' in the financial overview?
Which of the following items is deducted from railway income in the financial overview?
Which of the following items is deducted from railway income in the financial overview?
What is the significance of the Special surcharge on passenger fares?
What is the significance of the Special surcharge on passenger fares?
Which expenditure category directly relates to Indian Railways' operating expenses?
Which expenditure category directly relates to Indian Railways' operating expenses?
How is the amount from the Pension Fund characterized in the context of railway accounts?
How is the amount from the Pension Fund characterized in the context of railway accounts?
What does the category 'Public Account' in the railway context primarily involve?
What does the category 'Public Account' in the railway context primarily involve?
Which fund is specified under the charges section associated with accident compensation?
Which fund is specified under the charges section associated with accident compensation?
What can be inferred about the financial categorization of 'Indian Railways – Open Lines Works'?
What can be inferred about the financial categorization of 'Indian Railways – Open Lines Works'?
Which fund primarily focuses on pension benefits for railway employees?
Which fund primarily focuses on pension benefits for railway employees?
Which of the following funds is utilized for railway development projects?
Which of the following funds is utilized for railway development projects?
What type of account includes funds specifically reserved for revenue generation?
What type of account includes funds specifically reserved for revenue generation?
Which of the following options refers to the sources contributing to the Railway Pension Fund?
Which of the following options refers to the sources contributing to the Railway Pension Fund?
What does the Depreciation Reserve Fund primarily aim to address?
What does the Depreciation Reserve Fund primarily aim to address?
Which category includes funds set aside specifically for unforeseen expenditures?
Which category includes funds set aside specifically for unforeseen expenditures?
The Accidental Compensation Fund is designed to provide which type of benefits?
The Accidental Compensation Fund is designed to provide which type of benefits?
Where would you find the interest accrued from various fund balances in railway finance?
Where would you find the interest accrued from various fund balances in railway finance?
Which reserve fund is primarily associated with addressing the needs of railway employees?
Which reserve fund is primarily associated with addressing the needs of railway employees?
Which fund type is primarily aimed at managing isolated financial requirements in railway operations?
Which fund type is primarily aimed at managing isolated financial requirements in railway operations?
What is the primary classification of the loans listed under '7610'?
What is the primary classification of the loans listed under '7610'?
What does the notation '8000—Contingency Fund' imply about its purpose?
What does the notation '8000—Contingency Fund' imply about its purpose?
Which of the following accurately describes 'Net Adjustment due to transfers and remittances'?
Which of the following accurately describes 'Net Adjustment due to transfers and remittances'?
What is the significance of 'Total Part I—Consolidated Fund' in the financial overview?
What is the significance of 'Total Part I—Consolidated Fund' in the financial overview?
What is the primary source of operational funding for the Accident Compensation Fund?
What is the primary source of operational funding for the Accident Compensation Fund?
What does 'Appropriation from the Consolidated Fund' typically involve?
What does 'Appropriation from the Consolidated Fund' typically involve?
Which code corresponds to the classification of Railway Deposits?
Which code corresponds to the classification of Railway Deposits?
Which category does 'Direct Cash Outlay' primarily belong to?
Which category does 'Direct Cash Outlay' primarily belong to?
Which category involves transactions labeled under 'Departmental Advances'?
Which category involves transactions labeled under 'Departmental Advances'?
Which code represents 'Miscellaneous Loans' and what does it signify?
Which code represents 'Miscellaneous Loans' and what does it signify?
What is the role of the 'Capital outlay on Indian Railways' as referenced in the financial context?
What is the role of the 'Capital outlay on Indian Railways' as referenced in the financial context?
What does the code '8658' specifically refer to in the context of railway accounts?
What does the code '8658' specifically refer to in the context of railway accounts?
In the classification of railway funds, what does '8672' signify?
In the classification of railway funds, what does '8672' signify?
In the context of the given information, what does 'Miscellaneous Loans' generally include?
In the context of the given information, what does 'Miscellaneous Loans' generally include?
What is implied by 'Receipts Charges' as depicted in the financial outline?
What is implied by 'Receipts Charges' as depicted in the financial outline?
Which type of account is associated with transactions labeled as 'Trade Bills'?
Which type of account is associated with transactions labeled as 'Trade Bills'?
What does the term 'Grand Total' indicate in financial listings?
What does the term 'Grand Total' indicate in financial listings?
Which aspect of railway transactions does the term 'Accounts between Railways' relate to?
Which aspect of railway transactions does the term 'Accounts between Railways' relate to?
Which of the following codes is specifically linked to advances made by the railway department?
Which of the following codes is specifically linked to advances made by the railway department?
What is represented by the classification 'Debt Recovery' in the context of railway funding?
What is represented by the classification 'Debt Recovery' in the context of railway funding?
Flashcards
Indian Railway - Miscellaneous Receipts
Indian Railway - Miscellaneous Receipts
Revenue generated from various sources like sale of land, government share of surplus profits, special surcharge on passenger fares, and miscellaneous income.
Indian Railway - Revenue Receipts
Indian Railway - Revenue Receipts
Income from operating passenger and freight services, including ticket fares and freight charges.
Indian Railways - Working Expenses
Indian Railways - Working Expenses
Expenses incurred in running day-to-day operations of the railways, like salaries, maintenance, and fuel.
Indian Railways - Open Lines Works
Indian Railways - Open Lines Works
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Accident Compensation, Safety & Passenger Amenities Fund
Accident Compensation, Safety & Passenger Amenities Fund
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Pension Fund
Pension Fund
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Policy Formulation and Direction
Policy Formulation and Direction
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Research and Miscellaneous Organizations Receipts
Research and Miscellaneous Organizations Receipts
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Loans for Co-operation
Loans for Co-operation
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Loans to Government Servants and Miscellaneous
Loans to Government Servants and Miscellaneous
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Consolidated Fund
Consolidated Fund
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Contingency Fund
Contingency Fund
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Net Adjustment due to transfers and remittances
Net Adjustment due to transfers and remittances
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Capital Outlay
Capital Outlay
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Receipts
Receipts
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Appropriation from the Consolidated Fund
Appropriation from the Consolidated Fund
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Direct Cash Outlay
Direct Cash Outlay
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Transactions with other Deptts.
Transactions with other Deptts.
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Depreciation Reserve Fund
Depreciation Reserve Fund
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Renewal Reserve Fund
Renewal Reserve Fund
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Revenue Reserved Funds
Revenue Reserved Funds
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Railway Development Funds
Railway Development Funds
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Railway Pension Fund
Railway Pension Fund
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Railway Accident Compensation, Safety and Passenger Amenities Fund
Railway Accident Compensation, Safety and Passenger Amenities Fund
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Staff Benefit Fund
Staff Benefit Fund
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Deposits and Advances
Deposits and Advances
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Reserve Funds
Reserve Funds
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Surveys
Surveys
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Appropriation
Appropriation
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Distribution of Capital Outlay
Distribution of Capital Outlay
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Suspense Accounts
Suspense Accounts
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Remittance into Banks
Remittance into Banks
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Suspense Accounts (Railways)
Suspense Accounts (Railways)
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Accident Compensation, Safety, and Passenger Amenities Fund
Accident Compensation, Safety, and Passenger Amenities Fund
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Railway Deposits
Railway Deposits
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Railway Advances
Railway Advances
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Accounts Between Railways
Accounts Between Railways
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Departmental Balances
Departmental Balances
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Permanent Cash Imprest
Permanent Cash Imprest
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Cheques & Bills
Cheques & Bills
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What is the Accident Compensation, Safety, and Passenger Amenities Fund?
What is the Accident Compensation, Safety, and Passenger Amenities Fund?
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What is the Pension Fund of Indian Railways?
What is the Pension Fund of Indian Railways?
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How is Capital Outlay Distributed?
How is Capital Outlay Distributed?
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What are Suspense Accounts?
What are Suspense Accounts?
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What is 'Remittance into Banks'?
What is 'Remittance into Banks'?
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Indian Railway Receipts
Indian Railway Receipts
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Indian Railway Charges
Indian Railway Charges
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Study Notes
Receipts - Part 1
-
Consolidated Receipts: Indian Railway's miscellaneous receipts include government shares of surplus profits from subsidized companies, land sales, miscellaneous receipts, and special passenger fare surcharges.
-
Revenue Receipts: Indian Railway revenue receipts include loans for cooperation, consumer cooperatives, loans to government servants, miscellaneous loans.
Receipts - Part 2
- Contingency Fund: Appropriations from the Consolidated Fund, or reserved funds are used for direct cash outlay, adjustments, and net capital outlay (related to transfers and remittances to other departments). This includes small savings, provident funds, reserve funds (depreciation/renewal, revenue), railway development funds, and general/other reserve funds. Also includes railway pension fund, accident compensation and safety, and passenger amenities funds.
Receipts - Part 3
- Public Account: This section includes small savings, provident funds, and reserve funds (depreciation/renewal and revenue reserves). The amounts/balances in these funds vary.
Receipts - Other Information
- Additional Information Required, includes payments to worked lines, earnings/rebates/subsidies, accident compensation, safety works, passenger amenity works, surveys, pension fund appropriations, and capital outlay distribution (in India).
- Open Line Works and New Constructions: Includes balances for stores, manufacturing, miscellaneous advances (capital), and probable suspense accounts.
- Remittances into Banks, other transactions on behalf of a reserve bank are included.
- Additional DA/Wage Deposits, includes deposits with the reserve bank and accounts with other countries (e.g., Pakistan Railways, Bangladesh Railways, Burma Railways).
- Transfers and Remittances, include transfers within the same Railway system, adjustments with Post & Telegraph, and accounts with defense and state railways.
- Cheques and Bills are included, as are remittances to or from banks.
- Reserve bank suspense accounts, are included in various sections.
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Description
This quiz covers various aspects of Indian Railway receipts, including consolidated receipts, revenue receipts, and the contingency fund. You'll explore the different types of funds and how they contribute to railway operations. Test your knowledge on the financial mechanisms that support the Indian Railway system.
