Railway Revenue Classification Quiz

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Questions and Answers

What are the three Sub major Heads under which the Revenue of Railways is classified?

  • Revenue from Coaching traffic, Revenue from goods traffic, Sundry other Revenue (correct)
  • Revenue from freight traffic, Revenue from passenger traffic, Revenue from maintenance
  • Revenue from ticket sales, Revenue from cargo, Revenue from advertising
  • Revenue from Railway property, Revenue from coaching traffic, Sundry other Revenue

Which detailed head would be referred to as 'X-122'?

  • Clerkage charges
  • Reservation charges
  • Season and Zone tickets (correct)
  • Special trains revenue

Which of the following is NOT a permissible action for Railway Administration regarding the classification of revenue?

  • Change the nomenclature of sub-heads (correct)
  • Introduce new detailed heads
  • Abolish detailed heads
  • Rearrange minor heads

What does item X. 141 record?

<p>Reservation charges for all classes (A)</p> Signup and view all the answers

Under which detailed head would penalties for irregular travelling be recorded?

<p>X. 710 (D)</p> Signup and view all the answers

What type of revenue does item X. 200 describe?

<p>Total receipts from special postal trains (D)</p> Signup and view all the answers

Which term is used to classify the reduced fare for theatrical parties under the revenue classification?

<p>X. 120 (C)</p> Signup and view all the answers

What category does unclaimed and damaged goods fall under?

<p>Sale proceeds (A)</p> Signup and view all the answers

Which activity is categorized under Non-fare Revenue?

<p>Advertisement inside coaches (A)</p> Signup and view all the answers

Which item is explicitly listed under miscellaneous non-fare revenue activities?

<p>Sponsorships at stations (D)</p> Signup and view all the answers

What do interest and maintenance charges on account of assets pertain to?

<p>Private and governmental goods services (D)</p> Signup and view all the answers

What type of revenue does 'Interactive services in railway premises' belong to?

<p>Miscellaneous non-fare revenue (C)</p> Signup and view all the answers

What does a refund in respect to a particular transaction imply?

<p>There was an earlier charge for the same amount. (C)</p> Signup and view all the answers

Which of the following is NOT included in military traffic?

<p>Commercial licensing of railway land. (D)</p> Signup and view all the answers

Which type of land licensing falls under the category of Z-242?

<p>Licensing of land for shopping. (A)</p> Signup and view all the answers

Where should receipts from car and scooter parking at stations be recorded?

<p>Under Z-246. (A)</p> Signup and view all the answers

Unclaimed freight demurrage on goods should be charged to which of the following?

<p>Sale proceeds of unclaimed goods. (A)</p> Signup and view all the answers

What kind of revenue does Z-243 cover?

<p>Revenue from the development of railway land. (B)</p> Signup and view all the answers

What would NOT be categorized under refunds of revenue collected?

<p>Unclaimed goods' freight demurrage. (A)</p> Signup and view all the answers

Which option represents an activity related to commercial licensing of railway land?

<p>Licensing land for bulk oil installations. (D)</p> Signup and view all the answers

What comprises the haulage cost of pantry cars?

<p>Receipts from IRCTC for pantry car services. (D)</p> Signup and view all the answers

Which of the following is NOT classified as a recovery related to charges for services rendered?

<p>Excess cash (B)</p> Signup and view all the answers

Which type of recovery is related to Railway servants summoned by the court?

<p>Diet or subsistence money (D)</p> Signup and view all the answers

What type of revenue is associated with excess fares collected by ticket checking staff?

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

What is the classification for amounts recovered from vendors for conservancy charges?

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

Which of the following is considered a minor head of revenue classification?

<p>Passenger fares (A)</p> Signup and view all the answers

Which recovery is linked to Railway rest houses?

<p>Water charges (D)</p> Signup and view all the answers

What does the 'Forfeited State Railway Provident Fund Bonus' pertain to?

<p>Amounts recovered from employees (D)</p> Signup and view all the answers

Which option represents charges that have been forfeited?

<p>Forfeited deposits (D)</p> Signup and view all the answers

What is the classification for the fee structure related to 'Ordinary full fares'?

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

What should be credited when a link to compensation payment is established within the same financial year?

<p>K-900 (D)</p> Signup and view all the answers

What action should be taken when a consignment of goods is lost and the sale proceeds are not enough to cover freight?

<p>Write off the freight amounts (C)</p> Signup and view all the answers

Where should repayments be adjusted if they were initially credited to the revenue?

<p>Under 'Deduct Refunds' (A)</p> Signup and view all the answers

What is implied when there is a link established to K-900 but not within the same financial year?

<p>Liability for compensation payment is implied (A)</p> Signup and view all the answers

In exceptional cases where consignments are sold in one lot, what must be adjusted against the sale proceeds?

<p>Aggregate of freight and demurrage (A)</p> Signup and view all the answers

If the sale proceeds of an unclaimed consignment of goods are insufficient, what should be done?

<p>Write off excess freight amounts (C)</p> Signup and view all the answers

What is the treatment for compensation payments when no liability is implied for unclaimed articles?

<p>Credit to Sundry Revenue (C)</p> Signup and view all the answers

When adjusting freight and demurrage, what proportion should be used?

<p>Proportional to credits adjusted under specific sections (B)</p> Signup and view all the answers

What happens to excess amounts of freight if not covered by sale proceeds?

<p>Written off to compensation account (D)</p> Signup and view all the answers

For which case is a credit to 'Deduct Refunds' applicable?

<p>Repayment related to revenue originally credited (D)</p> Signup and view all the answers

Which detailed head is associated with the reservation charges for special trains?

<p>X. 141 (A)</p> Signup and view all the answers

What is the correct classification for penalties imposed for irregular traveling?

<p>X. 710 (A)</p> Signup and view all the answers

Which item encompasses total receipts from special postal trains including engine power?

<p>X. 200 (B)</p> Signup and view all the answers

Which item would not be included in the detailed head for 'full fares'?

<p>X. 200 (D)</p> Signup and view all the answers

Under which classification would excess fares be categorized?

<p>X. 710 (A)</p> Signup and view all the answers

What is the appropriate classification for charges related to clerkage on non-issued tickets?

<p>X. 732 (C)</p> Signup and view all the answers

Which minor head covers revenue obtained from theatrical parties for reduced fares?

<p>X. 110 (A)</p> Signup and view all the answers

Which of the following accurately describes an item included under miscellaneous non-fare revenue activities?

<p>Advertisement fees at stations (A)</p> Signup and view all the answers

Which activity is classified under interest and maintenance charges on account of assets?

<p>Maintenance of rolling stock by private bodies (D)</p> Signup and view all the answers

What category does interest and maintenance charges on assets attributable to coaching services fall into?

<p>Non-fare Revenue (A)</p> Signup and view all the answers

Which of the following is NOT considered a permissible source of miscellaneous revenue?

<p>Freight revenue from goods transport (C)</p> Signup and view all the answers

Which item pertains specifically to advertisement activities within the railway network?

<p>Hoarding advertisements (B)</p> Signup and view all the answers

What should be credited when a compensation payment link is established within the same financial year?

<p>K-900 (C)</p> Signup and view all the answers

What action should be taken regarding freight when the sale proceeds of a damaged consignment are insufficient?

<p>Delete to the compensation account (B)</p> Signup and view all the answers

In exceptional cases where multiple consignments are sold together, how should the aggregate of freight and demurrage be adjusted?

<p>Against prior K-900 credits (C)</p> Signup and view all the answers

When there is no implied liability for compensation payment regarding unclaimed articles, where should the payments be credited?

<p>To Sundry Revenue (C)</p> Signup and view all the answers

If sale proceeds of goods are inadequate to cover freight and demurrage, what should happen to the excess amounts?

<p>They should be written off (B)</p> Signup and view all the answers

What should be done with repayments of revenue that were credited initially?

<p>Adjusted to Deduct Refunds (A)</p> Signup and view all the answers

What occurs when the sale proceeds of an unclaimed consignment are not sufficient to cover freight and demurrage?

<p>The deficit is written off (C)</p> Signup and view all the answers

When a link to K-900 is established but not within the same financial year, what is implied?

<p>There may be no compensation liability (C)</p> Signup and view all the answers

How should the freight and demurrage be treated when individual consignment sale proceeds cannot be ascertained in exceptional cases?

<p>Adjusted based on the proportion of sale proceeds (C)</p> Signup and view all the answers

Which detailed head pertains to the rights for telecommunications infrastructure laid out by the railway?

<p>Right of way for OFC laid by/for Rail Tel (A)</p> Signup and view all the answers

What kind of revenue is associated with 'Receipts from IRCTC for Haulage of Pantry Cars'?

<p>Catering revenue (A)</p> Signup and view all the answers

Which detailed head covers charges for private sidings related to construction?

<p>Registration fees for construction of private sidings (D)</p> Signup and view all the answers

Which item is classified under the category of leased properties for other uses by the railway?

<p>Leased out for building purposes (D)</p> Signup and view all the answers

Which of the following is NOT a detailed head under the minor head of 'Receipts from Catering'?

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

What does the category 'Overhead charges including profit on work done for outside parties' refer to?

<p>Revenues from external collaborations (C)</p> Signup and view all the answers

Which detailed head specifies the revenue collected from various tolls on bridges?

<p>Tolls on bridges - Same. (A)</p> Signup and view all the answers

What type of revenue is implied by the term 'Overhead charges recovered on work done'?

<p>External service charges (C)</p> Signup and view all the answers

Under which detailed head would parking fees at railway premises be recorded?

<p>Receipts from car/scooter/cycle parking (A)</p> Signup and view all the answers

Which of the following does NOT represent a type of revenue covered under 'Rents and Tolls'?

<p>Income from sales of stores (D)</p> Signup and view all the answers

Which activity is included under the category of advertisement on coaches?

<p>Advertisement inside passenger coaches (D)</p> Signup and view all the answers

What type of receipts are categorized under 'Other unclassified receipts'?

<p>Commission for catering contractors (C)</p> Signup and view all the answers

Which of the following best describes 'Revenue from Railway Display Network'?

<p>Digital advertisements across railway premises (A)</p> Signup and view all the answers

Which of these is considered a form of interactive service in railway premises?

<p>Mobile app-based ticketing (C)</p> Signup and view all the answers

In which category would one find sponsorships of events at stations?

<p>Non-fare revenue activities (C)</p> Signup and view all the answers

What does the advertisement through hoardings primarily include?

<p>Non-digital advertising structures (C)</p> Signup and view all the answers

Which of the following is classified as entertainment off-board trains?

<p>Streaming content at railway stations (A)</p> Signup and view all the answers

What kind of receipts can be derived from the publicity department of individual railways?

<p>Survey fees from private entities (D)</p> Signup and view all the answers

Which item would NOT be included under Z-616, interactive services?

<p>Paid advertising slots (C)</p> Signup and view all the answers

What does Z-650 cover under other unclassified receipts?

<p>Reimbursement related to staff audits (B)</p> Signup and view all the answers

Flashcards

Revenue Classification

Categorization of railway revenue into Sub-major Heads (Coaching, Goods, and Sundry).

Abstract 'X'

Sub-major Head for revenue from Coaching traffic (passengers).

Abstract 'Y'

Sub-major Head for revenue from goods traffic (freight).

Abstract 'Z'

Sub-major Head for other revenue (sundries).

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X-122

Detailed Head for revenue from season and zone tickets.

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X-110

Detailed Head for full fares, including saloon train revenue.

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X-141

Detailed Head for reservation charges (all classes).

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Refund of Revenue

Money returned to a customer for a specific transaction, implying a previous payment for that transaction.

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Overcharges

Amounts charged in excess of the correct price, such as excessive freight fees or incorrect charges on warrants and credit notes.

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Military Traffic Revenue

Income generated from transporting military personnel and goods.

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Commercial Licensing of Railway Land

Revenue from granting permits for commercial use of railway land, such as for plots, warehouses, and private sidings.

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Revenue from Land Development

Income earned from developing and selling railway land or airspace for various purposes.

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Revenue from App Based Cab Services

Income earned from parking vehicles on railway land or providing ride-hailing services using railway property.

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Haulage Cost of Pantry Cars

Revenue received from the Indian Railway Catering and Tourism Corporation (IRCTC) for transporting pantry cars.

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Unclaimed Goods Revenue

Income from selling unclaimed or damaged goods, minus any freight charges or compensation paid.

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Compensation for Unclaimed Goods

Payments made to customers for lost or damaged goods, recorded under a specific minor head in the accounting system.

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What happens to revenue received from unclaimed articles?

Revenue from unclaimed items like luggage is credited to Sundry Revenue as there is no implied liability for compensation.

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Where do repayments go?

Repayments are adjusted to the original head they were credited to. For revenue, they're booked under 'Deduct refunds'.

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What happens when a consignment is lost?

If goods are lost or damaged, and the sale proceeds don't cover freight, the difference is written off to the compensation account.

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How do you handle freight costs when multiple consignments are sold?

If multiple consignments are sold together and individual sale proceeds are unknown, freight costs are adjusted proportionally based on the credits under various categories.

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What is the compensation account?

It's a detailed sub-account within Abstract K-200, used to record compensation payable by the railway for lost or damaged goods.

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What happens if the sale proceeds of an unclaimed consignment are insufficient?

The excess freight, demurrage, etc. over the sale proceeds is written off.

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What is a 'detailed head'?

It's a specific sub-category within a larger revenue category, providing more granular information.

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What is 'freight demurrage'?

It's a fee charged for delays in loading or unloading goods, or for holding them beyond the allowed time.

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What happens when a link is not established within the same financial year?

If a link for compensation payment isn't established within the same financial year, but liability is implied, it is credited to K-900.

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Where is 'Deduct refunds' recorded?

It's a sub-category within the Revenue account, used to track all refunds made to customers.

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Non-Fare Revenue

Income generated from activities other than traditional passenger and freight services.

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Advertisement Revenue

Income earned from allowing companies to advertise on railway property, including coaches, stations, and hoardings.

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Interest & Maintenance Charges

Revenue earned from charging interest and maintenance fees on assets used for passenger and goods services.

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Interactive Services Revenue

Income from providing entertainment or interactive services like video games within railway premises, including stations.

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Trade Test Fees

Fees collected from the Military Department for conducting trade tests.

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Water Cost Recovery

Amount recouped from vendors and others for water supplied to them.

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Conservancy Charges

Fees collected from vendors and outsiders for sanitation and waste management services.

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Fines from Vendors

Penalties imposed on vendors breaking the rules.

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Railway Rest House Charges

Fees paid by occupants of Railway rest houses for utilities like oil and electricity.

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Motor Car and Trolley Hire

Charges for using motor cars and trolleys belonging to one department by another or external entities.

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Residential Water Charges

Fees collected from Railway Department employees living in residential buildings for water usage.

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License Fees

Fees charged for car and vendor licenses.

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Forfeited Deposits

Funds held by the Railway that are not returned due to certain conditions.

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Forfeited Provident Fund Bonus

Bonus money from the State Railway Provident Fund that is lost due to specific reasons.

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Detailed Head

A specific subcategory within a larger revenue category, offering a detailed breakdown of the revenue source. For example, 'X-110' represents the detailed head 'Full Fares' under the 'Coaching' category.

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Z-611 Advertisement

Revenue from advertisements placed in railway stations, concourses, platforms, FOBs, excluding circulating areas, and digital displays at railway premises.

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Z-612 Mobile Asset Ads

Revenue generated from advertisements on coaches, wagons, and locomotives.

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Z-613 Out of Home Ads

Revenue from advertisements on hoardings, land near railway stations, tracks, FOBs, ROBs, RUBs, railway buildings, and structures on railway premises.

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Z-614 Content on Demand

Revenue from entertainment services on board trains and off-board stations, including radio, video, internet, Wi-Fi, and mobile apps.

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Z-615 Sponsorships

Revenue from sponsorships of activities and events at stations, branding, etc.

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Z-616 Interactive Services

Revenue from interactive services like video games at railway premises, including stations.

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Z-617 Other NFR Activities

Revenue from other non-fare revenue activities, including NINFRIS (non-infrastructure revenue)

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Z-618 Unclassified Ads

Revenue from various unclassified advertisements.

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Z 650 Other Unclassified Receipts

Revenue from various unclassified items, including survey fees, receipts of the Publicity Department, cost of tender forms, maintenance charges of approach roads, printing work for Railway institutes, cost of Stores Bulletin, commission received from State Government for auditing, etc.

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Survey Fees

Revenue received from private bodies for conducting surveys.

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Sundry Other Revenue

Revenue generated from sources outside of traditional passenger and freight services. It includes various sources like rents, tolls, catering, overhead charges, and profits.

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Electric Telegraph Revenue

Revenue generated from the operation of electric telegraph systems, typically associated with communication services within a railway network.

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Rents and Tolls

Revenue generated from leasing out railway property and charging fees for access to certain facilities.

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Catering Revenue

Revenue generated from providing food and beverage services on trains and at railway stations.

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Overhead Charges and Profits Recovered

Revenue earned from various overhead charges and profits realised from activities like work done for external parties or the sale of stores.

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Quasi-Railway Institutions

Places connected to the railway system but not directly operated, like rest houses, homes for railway personnel, and sometimes commercial establishments.

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Right of Way for OFC

Revenue generated from allowing other companies to use railway land to lay optical fiber cables (OFC) for communication purposes.

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Private Sidings

Revenue generated from allowing businesses to build private tracks for their own use, connecting their premises to the railway network.

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App Based Cab Services

Revenue generated from allowing ride-hailing services to use railway land, primarily for parking or vehicle operations.

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IRCTC Haulage Revenue

Revenue generated from transporting pantry cars for the Indian Railway Catering and Tourism Corporation (IRCTC).

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Study Notes

Revenue Classification

  • Revenue for railways is categorized under three main heads, each with a separate abstract.
  • The three main heads are: revenue from coaching traffic, revenue from goods traffic, and sundry other revenue.
  • Sub-major, minor, and detailed heads are used for further classification.
  • Railway administration is not permitted to change the names or structure of sub-major, minor, or subheads.
  • Detailed heads can, however, be added or removed.
  • Revenue heads are identified by a letter followed by numbers (e.g., X-122).

Classification of Revenue - Explanatory Notes

  • X.110: Full fares, including revenue from railway-attached saloons
  • X.120: Reduced fares for specific groups
  • X.141: Reservation charges, applying to all classes.
  • X.200: Special trains, and carriages that are reserved.
  • X.610: Special postal trains, including engine and parcel services.
  • X.710: Penalties for irregular travel (excluding excess fare penalties)
  • X.732: Refunds (including clerkage charges for tickets not issued).
  • X.810 and Y.810: Refunds of revenue with respect to particular transactions (checking overcharges, freight, warrants, and credit notes).

Military Traffic

  • Includes military live stocks.
  • Commercial licensing of railways land

Revenue from Development of Railway Land/Air-Space

  • Revenue from developing railway land/air-space is categorized under Z-243.

Haulage Cost of Pantry Cars

  • Records all receipts from IRCTC for pantry car haulage.

Unclaimed and Damaged Goods

  • Unrecovered freight (including demurrage) for damaged goods is charged to related business/sale income.
  • Compensation liability for items disposed of should be booked under K200 within the same accounting year or to K-900 if no clear compensation liability exists in the same year.
  • If no compensation liability, it goes to sundry revenue accounts
  • In cases where the sale proceeds don't cover costs, costs should be removed to the compensation account

Other Unclassified Receipts

  • This category includes numerous items like fees from surveys, publicity departments, maintenance of roads, printing/store costs, audit commissions, and expenses of staff from out agencies.
  • It's a catch-all category encompassing various miscellaneous revenue streams.

Coaching Revenue

  • Details various coaching-related revenue sources involving ordinary full fares, reduced fares, special/reserved carriages, military passenger charges, and similar categories.

Luggage and Parcels

  • Details charges collected from and through ticket staff or other railway staff.

Other Transport

Miscellaneous Receipts

  • Some miscellaneous incomes in this abstract include advertisements, non-fare revenue activities, interest and maintenance charges on assets, etc.
  • The list is comprehensive, spanning items like advertisement fees, non-fare revenue, interest and maintenance charges, etc.

Other Revenue Categories (Abstract Z) (Sundry Other Revenue)

  • Covers various other receipt categories not allocated to other abstractions, encompassing property details, rents, tolls, catering, stationery, dining cars, contract catering, and related services.
  • Categorization considers different facets of revenue, including property-related and service-based income.

Refunds

  • Several categories for deducting refunds, reflecting different types of deductions from revenue.

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