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Questions and Answers
When was the Railway Budget merged with the General Budget?
When was the Railway Budget merged with the General Budget?
- 2016-17
- 2017-18 (correct)
- 2015-16
- 2018-19
What was the significance of the Model Schedule of Powers (MSoP) issued by Railway Board in 2017/18?
What was the significance of the Model Schedule of Powers (MSoP) issued by Railway Board in 2017/18?
- It delegated all financial powers vested with the Railway Board to General Managers of Zonal Railways
- This MSoP focused on IT integration on Zonal Railways for the first time
- It was based upon the GFR delegation of Govt. of India
- It brought about uniformity in schedule of delegation of powers across Zonal Railways (correct)
What is the dividend payable by Indian Railways after the merger of Railway Budget with General Budget?
What is the dividend payable by Indian Railways after the merger of Railway Budget with General Budget?
- A notional amount of 100 crores every year
- 2% of capital at charge of IR
- 1% of capital at charge
- NIL (correct)
What is the full form of RRSK in the context of Indian Railways?
What is the full form of RRSK in the context of Indian Railways?
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Which countries have more than one billion tons of freight carried every year by rail?
Which countries have more than one billion tons of freight carried every year by rail?
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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.
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