Railway Budget 2022-23 Quiz

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What are the combined earnings expected from passenger and other coaching services, according to the Budget for 2022-23?

64,500 Crores (correct)

239,500 Crores

58,500 Crores

6,000 Crores

In the Revised Budget for 2021-22, which category had the highest earnings?

Sundries

Other Coaching

Passenger

Goods (correct)

What is the anticipated total earning from goods transportation in the 2022-23 budget?

142,575 Crores

239,500 Crores

137,810 Crores

165,000 Crores (correct)

What is the total gross traffic receipts projected for 2022-23?

240,000 Crores Signup and view all the answers

Based on the loading target for 2022-23, which commodity is expected to generate the highest earnings?

Coal Signup and view all the answers

What is the total NTKMS for Iron Ore in the loading target for 2022-23?

71,843 Signup and view all the answers

According to the document, what contributes to Coaching Earnings?

Issuing of tickets for PRS and UTS with cash or vouchers Signup and view all the answers

What data is used to determine the percentage of apportionment to various railways?

A 10-day average based on traffic from the 11th to 20th of the month Signup and view all the answers

Which of the following is a function of the Ledger Account (Bahi Katha) of the Home railway?

Recording totals from Parts A & B and handling adjustments, transactions, and balance sheet transfers. Signup and view all the answers

Which of the following would be recorded as a debit to the Traffic Accounts Office (TAO)?

TTE earnings of other railways and postal haulage charges. Signup and view all the answers

What type of transaction would result in a credit to the Traffic Accounts Office (TAO)?

Transfers to Z earnings from divisions, postal haulage, and TTE earnings. Signup and view all the answers

What is the key purpose of the 'Adjustment Account (Net Only) - (Samayojan Katha)'?

To manage inter-railway and intra-railway transactions, including diversions. Signup and view all the answers

Which of these is NOT a category listed under Non-Fare Revenue?

Traffic Book Compilation Signup and view all the answers

What is the primary purpose of the Traffic Book?

To record and reconcile all traffic earnings. Signup and view all the answers

Which of the following best describes what is included under ‘Station Accounts’ in the Traffic Book?

Both coaching and goods earnings. Signup and view all the answers

What does 'CB' represent in the context of Station Accounts?

Closing Balance Signup and view all the answers

How are items not passing through the Station balance sheet treated?

They are considered voucher differences. Signup and view all the answers

What does the term 'Uparjith Kamayi' refer to in the context of the Traffic Book?

Accrued earnings Signup and view all the answers

What is the purpose of the Adjustment Balance Sheet?

To rectify mistakes in accounts. Signup and view all the answers

Which of the following is NOT a typical component of Non-Fare Revenue?

Coaching Earnings Signup and view all the answers

In which part of the Traffic Book would you find an abstract of earnings and statement of balances?

Part D: Abstract of Earnings & Statement of Balances Signup and view all the answers

What does 'OB' likely represent in the context of debit and credit?

Opening Balance Signup and view all the answers

Which of the following is categorized under 'Main Sundries' on the debit side?

Sale of grass Signup and view all the answers

In the context of goods, what does 'demurrage' refer to?

Charges for the use of railway wagons beyond a free time limit Signup and view all the answers

Which item is typically considered a 'credit item' related to 'Goods'?

RMC Bills Signup and view all the answers

What does the term 'Apportionment' refer to in the context of railway traffic?

The sharing of earnings when traffic is carried over multiple railways. Signup and view all the answers

Which type of traffic earnings are retained entirely by the home railway?

Local traffic Signup and view all the answers

What does 'WRF' likely stand for in the context of deposits and refunds?

Wagon Repair Fund Signup and view all the answers

Which of the following are included under 'Other Traffic' in the context of coaching earnings?

All coaching earnings other than parcels and luggage Signup and view all the answers

What is the key characteristic of 'through traffic' regarding ticketing and accounting?

A single ticket is issued by the originating station Signup and view all the answers

What action is performed with the 'NET RESULTS' of Apportionment of Through traffic?

Transcribed to Part C Signup and view all the answers

When are through traffic transactions settled between railways?

Monthly, based on net results. Signup and view all the answers

What does the closure of Accounts signify in the context of railway traffic?

That Apportionment is finalized in all respects. Signup and view all the answers

How are disputes, errors, and discrepancies in accounts resolved?

They are sorted out in the following month's accounting. Signup and view all the answers

What is the terminal charge deduction percentage for passenger apportionment?

5% Signup and view all the answers

On what basis is the apportionment of passenger revenue determined?

Based on the Actual distance the train travelled. Signup and view all the answers

Which entity primarily provides data for UTS transactions in passenger apportionment?

CRIS Signup and view all the answers

How is the apportionment of goods traffic made?

In proportion to the leg-wise distance. Signup and view all the answers

What is the transshipment cost used in the apportionment of goods?

Rs. 624 per tonne Signup and view all the answers

How is the terminal cost shared for goods traffic?

Equally between originating and destination railways. Signup and view all the answers

Which of the following is NOT apportioned when dealing with goods traffic?

GST Signup and view all the answers

What is the basis for the apportionment of goods traffic among railways?

Leg wise distance Signup and view all the answers

Which of the following costs is deducted prior to the apportionment of goods traffic?

Transshipment cost Signup and view all the answers

What percentage is deducted from terminal charges during the apportionment of passenger earnings?

5% Signup and view all the answers

Which railway has the exclusive right to receive terminal charges for passenger traffic?

Originating railway Signup and view all the answers

What is the impact of busy season surcharge on the apportionment process?

It is apportioned as part of railway earnings Signup and view all the answers

Which of the following best represents the scope of 'Other Coaching' earnings?

Earnings from parcels, luggage, penalties, and special trains, including military. Signup and view all the answers

What distinguishes 'Goods Earnings' from other revenue streams?

It specifically relates to freight collected on goods movement and associated charges. Signup and view all the answers

Which of these is a primary element of 'Sundries' earnings?

Rent and tolls from railway buildings and land, including leasing. Signup and view all the answers

What is the financial significance of 'Postal Haulage charges' within the context of railway earnings?

It is a component of earnings from the transportation of mail. Signup and view all the answers

How are earnings from the leasing of railway land and buildings categorized in the financial records?

Within 'Sundries' in abstract Z Signup and view all the answers

In the context of railway earnings, what does 'Demurrage' specifically refer to?

Fees for late collection of goods or parcels. Signup and view all the answers

Which of the following is directly related to 'Punitive charges' under 'Goods Earnings'?

Penalties for overloading of goods wagons. Signup and view all the answers

What does the term 'Wharfage', as applicable to railway earnings, denotes?

Charges for using railway facilities for handling goods.. Signup and view all the answers

How are 'Special Trains' categorized based on the purpose of their operation in terms of railway earnings?

They are divided into those used for military purposes and others Signup and view all the answers

Which of the following best describes the source of data for posting in 'Part A: Station Accounts' of the Traffic Book?

Combination of station balance sheets, cash vouchers and carriage bills Signup and view all the answers

In the context of Traffic Book accounting, what is the significance of 'Voucher difference'?

It accounts for items that do not pass through the Station balance sheet. Signup and view all the answers

What does the term 'Samapthi kay samay kamayi' refer to within the context of the Traffic Book?

Unrealized earnings at the end of the accounting period, represented by CB Signup and view all the answers

Which of the following is considered a source of Non-Fare Revenue from advertisements?

Advertisements on trains and Bridges, and digital content on platforms. Signup and view all the answers

What is the relationship between the 'Approximate Balance Sheet' (Anumanith) and the 'Adjustment Balance Sheet' (samayojan)?

The Adjustment Balance Sheet rectifies mistakes identified in the Approximate Balance Sheet. Signup and view all the answers

How are items that do not pass through the Station Balance Sheet treated in the Traffic Book?

They are categorized as 'Voucher difference' within station accounts. Signup and view all the answers

What is the primary significance of the Railway Board Letter No 2019/F(C)/22/1 dated 27/01/2022, in the context of the provided information?

It provides the authority for corrected values in Traffic Book accounting. Signup and view all the answers

In the Traffic Book, what is the main function of 'Part B - Adjustment with Other Railways/Apportionment/Division Sheet'?

To handle adjustments and accounting with other railway systems. Signup and view all the answers

Which of the following is the best description of the items included on the debit side of Part A : Station Accounts in Traffic book ?

Accrued earnings and opening balances from the previous month. Signup and view all the answers

What does the term 'OB' likely represent in Part A of the Traffic Book

Opening Balance, the carry forward balance from a previous period Signup and view all the answers

If the total earnings from goods were equal to the revised budget of 2021-22 and everything else stayed the same as the budget of 2022-23, what would be the new gross earnings?

Rs 235925 Crores Signup and view all the answers

Based on the loading target for 2022-23, what is the approximate total earnings, in Indian Rupees, from coal and iron ore combined?

Rs 92200.03 Crores Signup and view all the answers

If Sundry earnings reached the same amount as the revised budget of 2021-22 but all other figures remained the same as the 2022-23 budget, what would be the new total 'Gross Traffic Receipts'?

Rs 239000 Crores Signup and view all the answers

Assuming all other figures from the 2022-23 budget remained constant, what would be the impact on 'Gross Traffic Receipts' if passenger earnings were to reach the same value as the actual earnings of 2020-21?

It would decrease by approximately Rs 43252 Crores. Signup and view all the answers

Considering the 2022-23 loading target, what is the combined total of 'MT' (Metric Tonnes) for the transportation of Pig Iron and Cement?

226 MT Signup and view all the answers

Based on the provided data, what is the total earnings target for 'Other Coaching' and 'Sundries' combined in the 2022-23 budget?

Rs 16,000 Crores Signup and view all the answers

If the 'Miscellaneous Receipts' for 2022-23 were erroneously recorded as the same amount as the 'Suspense' value for 2021-22 (Revised), how would this affect the 'Gross Traffic Receipts' for 2022-23 compared to the original budget?

Increase by Rs 300 Crores Signup and view all the answers

Considering both debit and credit sides, which of these includes an item related to both 'Goods' and 'Staff'?

Vouchers Signup and view all the answers

In the context of traffic accounting, which of these scenarios would most likely lead to a credit entry within 'Sundries-Local'?

Refund of WB testing charges Signup and view all the answers

How would 'Written off Freight' be categorized in the traffic accounting system?

Credit item under Spl. Credits Signup and view all the answers

What is the primary function of the term 'shud Parinam' in the context of railway accounting?

To transcribe the total of Part B to Part C Signup and view all the answers

Considering the accounting of 'through traffic', what happens to 'Excess fare, Luggage and Other Traffic' earnings?

They are retained by the originating station railway Signup and view all the answers

In the context of railway accounting, which of the following options represents a situation where a railway would credit 'Value Deposits - Refunds'?

When a refund is given from the security deposits Signup and view all the answers

Based on the provided text, what is the most accurate description of 'OB' in the context of the debit side of deposits?

Opening Balance Signup and view all the answers

Which of the following items would increase the debit side under 'Goods- Local' in the accounting records?

Collection for punitive charges Signup and view all the answers

Where is the 'Apportionment' of traffic earnings ultimately visible in the railway accounting process?

As part of the NET RESULTS transcribed to Part C. Signup and view all the answers

When are the financial transactions for through traffic settled between two railway systems after internal checks?

The document does not explicitly mention this. Signup and view all the answers

Which of these is included under 'Other Coaching' earnings?

Earnings from platform tickets Signup and view all the answers

What do 'Wharfage' charges typically relate to?

Storage of goods at stations Signup and view all the answers

Which of these is considered under 'Goods Earnings'?

Punitive charges for overloading. Signup and view all the answers

What type of earnings would 'Rent & Tolls' be classified under?

Sundries Signup and view all the answers

Which of these is included under 'Sundries' in railway earnings?

Lease of railway land Signup and view all the answers

What do 'Demurrage' charges refer to?

Charges for delays in loading and unloading goods Signup and view all the answers

Which of the following would be classified under 'Other Coaching'?

Platform tickets Signup and view all the answers

Which of these is directly included as a Non-Fare Revenue source?

IRCTC haulage of pantry cars Signup and view all the answers

According to the Traffic Book structure, where would you primarily find records of inter-railway traffic sharing?

Part B: Adjustment with Other Railways Signup and view all the answers

Where are 'unrealized earnings' reflected within the Station Accounts?

Closing Balance (CB) Signup and view all the answers

What does the term 'Uparjith Kamayi' represent in the context of the Traffic Book?

Accrued Earnings Signup and view all the answers

What is the function of the 'Adjustment Balance Sheet' related to station accounts?

To rectify accounting mistakes Signup and view all the answers

Which activity would be considered under 'Mobile Assets Policy' within Non-Fare Revenue?

Advertisements on trains Signup and view all the answers

According to the content, what is a core function of the Traffic Book regarding earnings?

To record and track the realization of earnings Signup and view all the answers

Which of these is NOT directly accounted for in 'Station Accounts'?

Apportionment adjustments with other railways Signup and view all the answers

What is the primary focus of Part C of the Traffic Book?

Ledger Accounts of the Home Railways Signup and view all the answers

Which of the following is a debit item related to goods?

Demurrage charges Signup and view all the answers

Which of these is classified as a 'credit item' under 'Coaching' earnings?

Time table credit Signup and view all the answers

What does 'L,F' likely stand for in the context of 'Luggage'?

Local, Foreign Signup and view all the answers

Which of the following best describes the 'Other Traffic' category within coaching earnings?

All coaching earnings except for parcels and luggage Signup and view all the answers

Which of the following is considered a 'Main Sundries' debit item?

Sale of bed rolls Signup and view all the answers

What are 'Punitive Charges' related to, within the context of 'Goods'?

Charges for violation of goods transport rules Signup and view all the answers

What does a ‘SPO voucher’ typically represent?

Station Purchase Order Signup and view all the answers

In the context of goods, what does 'Wharfage' primarily refer to?

Charges for maintaining goods in the station Signup and view all the answers

Which of the following is a typical 'credit item' in relation to 'Goods'?

Cash payments received Signup and view all the answers

What does 'TIA credits' refer to in the context of 'Goods' credit items?

Traffic Inspection Authority Credits Signup and view all the answers

What is the average duration considered for calculating the percentage of apportionment to various railways?

10 days Signup and view all the answers

Which account deals specifically with adjustments for cash and transaction passes through Traffic Accounts?

Samayojan Katha Signup and view all the answers

Which of the following does NOT contribute as a debit to the Traffic Accounts Office (TAO)?

Inward credits from divisions Signup and view all the answers

What type of transactions are recorded as outward debits in the Traffic Accounts Office (TAO)?

RMC bills and related charges Signup and view all the answers

What are the financial returns from internal adjustments and fare refunds classified under?

Sundry Earnings Signup and view all the answers

What is deducted from the total freight charges before apportionment among railways in goods traffic?

Transshipment cost Signup and view all the answers

Which railway receives terminal charges in passenger traffic apportionment?

Originating Railway Signup and view all the answers

How is the apportionment of goods traffic primarily determined?

Based on distance Signup and view all the answers

Which cost is shared between the originating and destination railways for additional activities related to goods?

Terminal cost Signup and view all the answers

What is the rate of transshipment cost deducted prior to apportionment?

Rs. 624 per tonne Signup and view all the answers

When is the closure of accounts signified in the railway earnings process?

Once apportionment is completed Signup and view all the answers

What type of data does CRIS provide for UTS transactions in passenger apportionment?

98% of transactions Signup and view all the answers

What determines the allocation of busy season surcharges during goods traffic apportionment?

It is allocated based on distance Signup and view all the answers

Study Notes

Indian Railways Traffic Book Presentation

This presentation details the Indian Railways Traffic Book.

Traffic Earnings

Passenger Earnings (yatri ki kamayi) - P
Other Coaching (anya coaching) - O
Coaching Earnings (P+O) - X
Goods Earnings (Maal) - Y
Sundry Earnings (anya) - Z
Gross Earnings (kul kamayi) - X+Y+Z
Suspense (Sandehi katha) - S
Gross Traffic Receipts - GE+S

Budget 2022-23

Shown in Rs (Crores)
Provides actual 2020-21, budget 2021-22, revised 2021-22, and 2022-23 figures for various service heads like Passenger, Other Coaching, Goods, Sundries, Gross Earnings, Suspense, and Miscellaneous Receipts.
Includes Gross Traffic Receipts figures.

Loading Target 2022-23

Provides data on commodity loading in MT, NTKMS & Earnings, for each commodity.

Coaching Earnings - Abstract X

Ticket issuance (PRS & UTS) - cash, vouchers (military warrants, police warrants, credit notes).
Parcel, luggage, HCD, special train/coach bookings.
Leasing of SLRs, parcel cargo trains, etc.
Postal haulage charges.
Earnings from special train checks (penalties, EFTs issued).
Platform ticket issuance.
Clerkage and cancellation.

Passenger Earnings-90

PRS
UTS
BPT
PCT
Other concession vouchers
Collection method (Cash, UPI, IRCTC, Credit cards, POS)

Other Coaching-91

Parcels (Luggage, Rajdhani, Premier, Standard)
Luggage
Penalty by TTE
Penalty by TC/SM
HCD/A&B
Cloak Room Charges
Demurage
Wharfage
Special Trains (Military & other)
Platform tickets
Cancellation & Clerkage
Storage Charges
Postal Haulage Charges
Miscellaneous

Goods Earnings - Abstract 92

Freight collected on goods movement (baada)
Wharfage & Demurrage charges
Punitive charges for overloading
WDRF amount forfeited
Siding, Shunting, Crane, and Trip charges
Detention charges
Stabling charges
WB Testing Charges.

Sundries - Abstract Z -93

Rent & Tolls (res buildings, retiring rooms, rest houses)
Lease of land/buildings/space
Vertical leasing
BLDG space
Air space, optic fibre
Commercial & engineering plots
Maintenance charges for private sidings
Catering & Dining cars
Departmental fines & license fees
IRCTC haulage of pantry cars
Deposit works
Sales of unclaimed goods
Grass, Jetopa trees, scrap
Advertisement hoarding/sign boards
Painting on coaches
Advertisement in trains
ATM's
Digital content (platforms, mobiles, assets, publicity, Out-of-Home ads)
Advertising through internet & booking sites
Miscellaneous (diet, Relhs, other sundry, ATM booths, book stalls, residual value of laptops/slates/notebooks)
Guarantee fee from PSU
Recruitment cell refunds
Refunds from rent & tolls
Other sundry deposit

Non-Fare Revenue

NFR
Major earning segment
Minor earning segment
Innovative schemes
Content on demand
Unsolicited proposal
New and innovative NFR scheme
Out-of-home advertisement policy
Mobile assets policy
Rail display network

Traffic Book

Compiled per Accounts Code, Chapter XXXII, Part II
Collecting data on Coaching, Goods, and Sundry Accounts.
Traffic Earnings (local & foreign)
Accounting for station and other modes of earnings
Recording earnings realization and apportionment
Other railway traffic interchanges

Part A: Station Accounts

Separate accounts for coaching and goods.
Posted from balance sheets
Beginning balance (OB) brought forward from previous month (Prarambik Jama)
All accrued earnings (Uparjith Kamayi) - billable & non-billable, refunds, transfers (S/O) on credit side
Items not in the station balance sheet (Carriage Bills, corrected value) are treated as voucher difference.
Approximate Balance Sheet (Anumanith)
Clearing errors via Adjustment Balance Sheet (samayojan)
CB (unrealized earnings, Samapthi kay samay kamayi)
Transcribed to Part C

Corrected Value - Authority

Railway Board Letter Authority No: 2019/F(C)/22/1, dated 27/01/2022
Staff cost commission charges for collection of credit notes and railway warrants - Rs 30,535/- towards 100 vouchers.

Part B: Adjustment with Other Railways/Apportionment

Results of apportionment of through traffic (interchange between Home and Foreign Railways)
Separate for coaching and goods.
Local retained by Home railways.
Foreign apportioned with other railways.
Excess fare, luggage, and other traffic retained by home railways.
Posting of Part B from net results (shud parinam)
The total is transcribed to Part C.

Apportionment - Vibajith

Earnings (kamayi) from traffic carried over multiple railways shared among them.
Single RR/TkT even if traffic carried by multiple railways.
Settlement is monthly based on net results advised (shud paarinam ki ghoshana).
Apportionment done after calendar month completion
Any issues/discrepancies rectified next month
Posting method for both Coaching (A-3219) and Goods traffic (A-3220)

Apportionment of Passengers

Terminal charges deducted at 5%.
Only originating railway receives the terminal charges.
Apportionment based on leading distance/actual train distance and route travelled.
CRIS data for UTS transactions (98%)
PCT data (1-2%) fed from passenger classifications.
PRS-CRIS/SC processes data based on originating and actual basis.

Apportionment of Goods

Proportional to leg wise distance carried.
Shortest route unless rationalized.
Only notified routes.
Transshipment cost is deducted before apportionment.
Transshipment cost is Rs.624 per tonne.
Terminal cost shared between terminal railways (originating and destination).

Contd

Involves detention, shunting, & rake documentation, programming & planning as per traffic needs.
Per tonne basis: Rs.26/- for both originating & destination railways.
Busy season surcharge apportioned.
GST not apportioned.
After deduction of transhipment, terminal costs, GST balance freight charges apportioned based on distance amongst railways.
Railway receipt data processed by CRIS.
Un-matched items attended to if necessary.

Apportionment of Parcels Traffic

10 days average worked to determine percentage of apportionment to various railways.
Average determined from the 11th to 20th of each month.
Percentages extrapolated to remaining periods.

Part C:

Ledger Accounts (bahi katha) for Home Railway, separately for Coaching and Goods.
Deals with traffic accounts and other railways.
Totals transcribed from Part A and Part B (net only).
Adjustment Account (Net Only)-(Samayojan Katha).
Inter-Railway and intra-railway transactions (E-recon)-Diversion debits.
Cash, JV's passing through traffic accounts (RO/PO/RV).
Balance sheet transfers for passengers (includes refunds of fares & internal adjustments).
Other coaching and goods (refunds & internal adjustments).
Sundry Earnings from other accounting units (E-recon, etc.).
Apportionment within railways (PPP model).
Originating Earnings arising out of MIB-PRS and site sum totals.

Transfer Divisional Examples with Reference to Traffic Accounts

Nature of Transactions (Debit to TAO) :
Inward debit: Part rejection, RMC diversion, debits, TTE earnings other railways, postal haulage charges, ML coupons.
Outward credit: Erroneous withdrawal of credit (SD, EMD, PRS earnings from MIB site-sum).
Nature of Transactions (Credit to TAO):
Inward credit: All transfers to Z earnings (from divisions, postal haulage, freedom fighter, IRCTC pantry cars, TTE earnings).
Outward debit: RMC Bills, POPS, HC, CC, SPO, PWB, PRS earnings, diversions credits, ML coupons.

Debit and Credit Items of Goods

Goods-local - demurrage, wharfage, storage, punitive charges, RMC, freight paid.
Sundries-local - trip, shunting, siding, crane.
Detention, engine haulage, WRF transferred to local, WB testing charges, RMC foreign.
GST and other taxes.
OB and deposit DMT-lump sum deposit, excess in DD.
Cash, Bills-RMC, other vouchers-SPO, BST (CB-All S/O).
Deposits-refund-WRF.
SPL credits-TIA credits, A/C office credits, DCS credit, freight deposit account, written off freight.

Appendix

Includes tables on data, figures.
Includes data on passenger reservation system.

Part D:

Abstract of earnings & Statement of Balances (kamayi ka saar Aur Sesh raasi ka Statement)
Grand Totals of Part C (Coaching, Goods, and Sundry) to Part D.
Monthly Journal Entry: Final traffic JV for G Books of railways.
Debit side of Traffic Account is journalized and other railway accounts are journalized, deducting voucher part A.
Credit side -Abstract X (90, 91), Abstract Y (92), and Abstract Z (93).
Final account current of the railway.
Traffic account: Suspense Account (sandehi katha).
Debtor for all earnings & creditor for all recoveries.
Balance unrealized earnings (Baaki kamayi ka vasool).
Link between commercial and government accounting.

Studying That Suits You

Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

Description

Test your knowledge on the key financial aspects of the Railway Budget for 2022-23. This quiz covers projected earnings from passenger services, goods transportation, and insights into ledger accounts. Challenge yourself with questions that delve into revenue expectations and financial functions.