5 Questions
When was the Railway Budget merged with the General Budget?
2017-18
What was the significance of the Model Schedule of Powers (MSoP) issued by Railway Board in 2017/18?
It brought about uniformity in schedule of delegation of powers across Zonal Railways
What is the dividend payable by Indian Railways after the merger of Railway Budget with General Budget?
NIL
What is the full form of RRSK in the context of Indian Railways?
Rashtriya Rail Sanraksha Kosh
Which countries have more than one billion tons of freight carried every year by rail?
Russia, China, India and Brazil
Study Notes
Railway Budget and Merger
- The Railway Budget was merged with the General Budget in 2017.
Model Schedule of Powers (MSoP)
- The Model Schedule of Powers (MSoP) was issued by the Railway Board in 2017-18.
- MSoP gave more financial powers to railway officials, enabling them to take decisions quickly and efficiently.
Dividend Payable by Indian Railways
- After the merger of the Railway Budget with the General Budget, Indian Railways no longer needs to pay a dividend to the central government.
RRSK in Indian Railways
- RRSK stands for Rail Resource Synchronization and Knowledge.
Countries with High Freight Carriage
- There are only three countries that carry more than one billion tons of freight every year by rail: China, United States, and India.
Test your knowledge of the Railway Board's Model Schedule of Powers (MSoP) with this quiz. See how well you understand the significance of MSoP and its impact on the delegation of powers within Zonal Railways.
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