Public Finance Authority Expenditure Quiz

<p>To ensure total expenditure does not exceed the grant amount. (A)</p> Signup and view all the answers

<p>Why the expenditure could not be anticipated for the budget. (A)</p> Signup and view all the answers

<p>5002 &amp; 5003 (D)</p> Signup and view all the answers

<p>Depending on revenue operations (C)</p> Signup and view all the answers

<p>Chapter XXXI (C)</p> Signup and view all the answers

<p>Annexure III (A)</p> Signup and view all the answers

<p>Manufacturing operations budget (B)</p> Signup and view all the answers

<p>Statements for transmission (C)</p> Signup and view all the answers

<p>Annexure IV (B)</p> Signup and view all the answers

<p>Inventory under specific heads (A)</p> Signup and view all the answers

<p>Rolling Stock Programme (B)</p> Signup and view all the answers

<p>Annexure IV (D)</p> Signup and view all the answers

<p>Using a ratio of revenue from passenger traffic based on previous actuals (D)</p> Signup and view all the answers

<p>Anticipated net tonne kilometres (NTKM) to be carried (D)</p> Signup and view all the answers

<p>Majority of passenger fares (D)</p> Signup and view all the answers

<p>In the same manner as goods traffic revenue (D)</p> Signup and view all the answers

<p>Previous actuals and future changing conditions (A)</p> Signup and view all the answers

<p>Coaching revenue from passenger traffic (A)</p> Signup and view all the answers

<p>According to previous actuals and known circumstances (C)</p> Signup and view all the answers

<p>The actuals of the first five months and expectations for the last seven months (D)</p> Signup and view all the answers

<p>Clothing (C)</p> Signup and view all the answers

<p>A statement annexed with anticipated changes in tonnage (D)</p> Signup and view all the answers

<p>Increases and adjustments in fares and freights (C)</p> Signup and view all the answers

<p>Judge the reasonableness of the estimates (C)</p> Signup and view all the answers

<p>With flexibility, left to the discretion of the General Manager (B)</p> Signup and view all the answers

<p>Approximate increase in Revenue (B)</p> Signup and view all the answers

<p>To correlate with the latest traffic anticipations (D)</p> Signup and view all the answers

<p>Traffic moved to and from steel plants by diverse categories (B)</p> Signup and view all the answers

<p>Selected commercial and operating statistics (C)</p> Signup and view all the answers

<p>Receipts of worked lines (A)</p> Signup and view all the answers

<p>They should be deducted from the estimated receipts. (D)</p> Signup and view all the answers

<p>A narrative explanation of actual revenue (D)</p> Signup and view all the answers

<p>Segregation of local and interchanged traffic (C)</p> Signup and view all the answers

<p>It should account for the latest position of both inward and outward transactions. (B)</p> Signup and view all the answers

<p>The specific reasons for changes in certain commodities (A)</p> Signup and view all the answers

<p>It should guide judicious use of revenue estimations. (A)</p> Signup and view all the answers

<p>Details of revenue fluctuations and their causes (B)</p> Signup and view all the answers

<p>Reasons for revenue figures adopted by the General Manager (A)</p> Signup and view all the answers

<p>Review of preceding year's financial data (B)</p> Signup and view all the answers

<p>Rule of Procedure of Parliament (C)</p> Signup and view all the answers

<p>It can be presented in one or more parts according to parliamentary rules. (B)</p> Signup and view all the answers

<p>It became an integral part of the General Budget. (B)</p> Signup and view all the answers

<p>The President (C)</p> Signup and view all the answers

<p>Proposals for future funding requirements (B)</p> Signup and view all the answers

<p>A statement of estimated receipts and expenditures for the financial year (D)</p> Signup and view all the answers

<p>Excess (Surplus) revenues (D)</p> Signup and view all the answers

<p>Rashtriya Rail Sanraksha Kosh (A)</p> Signup and view all the answers

<p>Internal resources of the Railways (C)</p> Signup and view all the answers

<p>To finance railway safety improvements (D)</p> Signup and view all the answers

<p>Appropriation from Excess (Surplus) revenues (C)</p> Signup and view all the answers

<p>It is for planned infrastructure and service improvements. (D)</p> Signup and view all the answers

<p>By debiting to the Capital Account for Manufacture Operations (B)</p> Signup and view all the answers

<p>Railway safety and security (B)</p> Signup and view all the answers

<p>Excess (Surplus) and Central Road funds (A)</p> Signup and view all the answers

<p>Railway Debt Service Fund (D)</p> Signup and view all the answers

<p>To scrutinize expenditures and recommend the necessity for excess grants. (D)</p> Signup and view all the answers

<p>Ministry of Finance (B)</p> Signup and view all the answers

<p>Secretary, Railway Board (D)</p> Signup and view all the answers

<p>Payments to subsidized companies and surveys. (C)</p> Signup and view all the answers

<p>Merger of Railway Budget with Union Budget. (D)</p> Signup and view all the answers

<p>Previous actuals and future conditions (A)</p> Signup and view all the answers

<p>Similar approach as goods traffic (C)</p> Signup and view all the answers

<p>Evaluated according to previous actuals (C)</p> Signup and view all the answers

<p>Anticipated net tonne kilometres (NTKM) and yield (D)</p> Signup and view all the answers

<p>Passenger kilometres and average fare per passenger kilometre (C)</p> Signup and view all the answers

<p>Military transportation fees (D)</p> Signup and view all the answers

<p>Previous actuals and foreseeable circumstances (A)</p> Signup and view all the answers

<p>Historical averages and future trends (D)</p> Signup and view all the answers

<p>Previous actuals and known future conditions (C)</p> Signup and view all the answers

<p>Working Expenses (B)</p> Signup and view all the answers

<p>5002 &amp; 5003 (B)</p> Signup and view all the answers

<p>Revenue, unless specified otherwise (B)</p> Signup and view all the answers

<p>DRF is charged to Railway working expenses. (D)</p> Signup and view all the answers

<p>Central Railway Headquarters (C)</p> Signup and view all the answers

<p>3006 (C)</p> Signup and view all the answers

<p>5002 &amp; 5003 (D)</p> Signup and view all the answers

<p>Debit to Capital Account under 'Manufacture Operations' (A)</p> Signup and view all the answers

<p>8115 (C)</p> Signup and view all the answers

<p>Excess Surplus (C)</p> Signup and view all the answers

Estimating revenue from passenger traffic (air-conditioned, first, second class) based on passenger kilometers and average fare per kilometer. Revenue from parcels and military traffic is based on previous data and future conditions. Other coaching traffic revenue uses a ratio based on passenger traffic.

Estimating revenue from goods traffic based on anticipated net tonne kilometers (NTKM) and average yield per NTKM for major commodities. Revenue from other goods uses past trends and future conditions.

Miscellaneous railway revenue comes from various sources, including operating losses from strategic lines, rent, tolls, commercial publicity, land lease, and advertisement fees. It also includes revenue from catering, sales of scrap, and interest on assisted sidings.

Railway finances are managed through different sources including coaching (passenger) revenue, goods revenue, and sundry revenue.

Financial projections for the current year, adjusting previous expectations.

Financial projections for the next year.

A measure of goods carried by rail, calculating the total weight of goods multiplied by the distance they are transported.

Receipts from worked lines are included in the main line receipts and presented separately in the estimates.

Refunds of revenue are subtracted from estimated receipts to show net revenue figures.

A written explanation of revenue changes (compared to previous years) must accompany revenue estimates, focusing on significant changes.

Estimates of revenue must be shown separately for local and interchanged traffic, alongside an analysis of revenue trends compared to the previous year.

Revenue figures for interchanged traffic must encompass both outward and inward transactions and specify the realization period.

Detailed information, including the period of anticipated revenue, should be provided on a railway by railway basis.

Estimates should use information from periodic statements of approximate revenue from the originating point.

Use information on current economic trends relating to railway transport as provided by the Director of Statistics and Economics, Railway Board.

Explanations should also be provided for the figures in the revised (for current year) and budget (for next year) estimates.

The total weight of goods that start their journey on a particular railway line, including raw materials, finished products, and various commodities.

A measure of goods carried by rail, calculated by multiplying the total weight of goods transported by the distance they travel.

Financial projections of expected income for a specific period, usually a year, based on anticipated traffic, fares, and freight rates.

An assessment of future transportation demand, analyzing trends and factors that influence how much goods and passengers will travel by rail.

Changes in the amount of goods transported by rail, comparing the current year's volume to the previous year's.

Information collected about railway operations, such as traffic volume, revenue, expenses, and efficiency metrics, used for planning, analysis, and performance evaluation.

Expansion of the railway network by adding new tracks and routes, potentially increasing revenue and traffic volume.

Changes in the pricing of passenger tickets and goods transportation costs, impacting revenue projections.

Ensuring that financial projections (revenue estimates) align with actual or anticipated traffic volumes to ensure accurate and realistic financial planning.

Investments made by Indian Railways for acquiring, constructing, and replacing assets like tracks, rolling stock, and infrastructure.

A financial plan that outlines the expected costs of raw materials, components, and finished goods used in railway operations.

Railway workshops or factories where rolling stock, such as locomotives and coaches, are manufactured.

Activities that generate income for Indian Railways, such as transporting passengers and freight.

Routine costs associated with running the railway, like salaries, fuel, and maintenance.

A plan that outlines the production and acquisition of locomotives, coaches, and other rolling stock.

Requests for funding from government ministries, including information about staff and transactions.

Financial estimates related to income tax payable by Indian Railways and interest on loans and investments.

Categories of debt owed by Indian Railways, including loans and advances.

Financial estimates for funds deposited and advanced by Indian Railways.

The Railway Board ensures that total expenditure remains within the approved grant limits, including supplementary grants, and that money is spent as intended in the Demand for Grants.

If exceeding the budget, the authority needs to reappropriate funds, request additional funds from higher authorities, or provide clear justification for the unexpected expenditure.

1. Reappropriation of funds if possible within the authority's powers; 2. Request additional funds from higher authorities if reappropriation is not feasible; 3. Clear justification for the unforeseen expenditure.

To allow expenditure to proceed before funds are formally allocated, especially in urgent situations, but followed by a formal allocation soon after.

The Railway Board monitors expenditure to ensure it aligns with the detailed Demand for Grants presented to Parliament and avoids spending on new services or instruments not approved by Parliament.

A document submitted to Parliament by the Indian President outlining the government's estimated income and expenses for the upcoming fiscal year. Also known as the 'Annual Budget'.

The budget traditionally consists of three parts: a review of the previous year's finances, projections for the upcoming year, and proposals for meeting future needs.

This historical practice allowed the Railway Budget to be presented and passed separately from the General Budget, highlighting the importance of the railway system.

In 2017, the Railway Budget was merged with the General Budget, integrating railway finance into the national budget.

A detailed request for funding submitted by the Ministry of Railways to Parliament, outlining specific spending plans for the railway system.

The process of ensuring that spending stays within approved limits, including reappropriating funds and seeking additional grants when necessary.

The practice of allowing spending to happen before funds are formally allocated, often in urgent situations, followed by quick allocation.

Income from passenger traffic, divided into air-conditioned, first, and second class, calculated based on passenger kilometers and average fare per kilometer. Includes revenue from parcels and military traffic, estimated based on past data and future conditions. Other coaching traffic revenue is estimated using a ratio based on passenger traffic.

Income from freight traffic, based on anticipated net tonne kilometers (NTKM) and average yield per NTKM for major commodities. Revenue from other goods is estimated based on past trends and future conditions.

Miscellaneous railway revenue from sources like operating losses of strategic lines, rent, tolls, commercial publicity, land lease, and advertisement fees. Also includes revenue from catering, sales of scrap, and interest on assisted sidings.

Coaching revenue is calculated based on passenger kilometers and average fare per passenger kilometer, taking into account different classes of passenger traffic.

Goods revenue for major commodities is estimated based on anticipated net tonne kilometers (NTKM) and average yield per NTKM.

Sundry revenue includes income from sources like operating losses of strategic lines, rent, tolls, commercial publicity, land lease, advertisement fees, catering, sales of scrap, and interest on assisted sidings.

A fund used to replace aging railway assets. It's funded by a charge on railway working expenses.

A fund allocated for improving railway infrastructure and services. It's funded by excess revenue.

A fund used to pay pensions to retired railway employees.

How a fund gets its money, which can be from revenue, surplus, or other sources.

The specific category under which money is allocated to a fund.

The specific category under which money from a fund is spent.

Income earned by the railways, usually from passenger and freight services.

The everyday costs of running the railways, such as salaries and maintenance.

The account that tracks investments made in production units to buy equipment or improve facilities.

A request for additional funds beyond the initial budget allocation, often due to unforeseen circumstances or changes in expenditure needs.

A parliamentary committee responsible for scrutinizing government spending and ensuring accountability for public funds.

Detailed records of government spending, showing how funds were used for specific programs and projects.

The independent auditor of government accounts, responsible for verifying the accuracy and legality of government spending.

The integration of the Railway Budget into the Union Budget in 2017-18, combining railway finances with the overall national budget.

A financial pool that provides long-term funding for the Indian Railways. It's primarily built from internal revenue sources and is used for major investments in assets like tracks, rolling stock, and infrastructure.

A dedicated fund for enhancing safety measures on the Indian Railways. It's financed through surplus revenue and contributions from the Central Road and Infrastructure Fund.

A national safety fund for the Indian Railways, allocated from surplus revenue and general revenues. It aims to improve railway safety by investing in crucial infrastructure upgrades.

A fund designed to manage and pay off the debts incurred by the Indian Railways. Funds are primarily sourced from surplus revenue.

The Indian Railways primarily fund their various projects and activities through their own earned revenues, such as passenger fares, freight charges, and other income sources.

Financial resources allocated from revenue that exceeds expenses. This surplus is often directed towards specific funds (like Capital Fund) or to development projects.

A fund used for promoting the overall growth and expansion of the Indian Railways. It's funded from internal revenues and supports projects that improve the network and services.

A government fund that contributes to the development of infrastructure in the country, including road and railway projects.

Overall tax revenue collected by the government, a portion of which contributes to funding railway projects, particularly safety initiatives.

The process of producing locomotives, coaches, and other rolling stock by railway workshops or factories.