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</p> Signup and view all the answers

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

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

    What type of revenue does item X. 200 describe?

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

    What category does unclaimed and damaged goods fall under?

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

    Which activity is categorized under Non-fare Revenue?

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

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

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

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

    <p>Miscellaneous non-fare revenue</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.</p> Signup and view all the answers

    Which of the following is NOT included in military traffic?

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

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

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

    What kind of revenue does Z-243 cover?

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

    What would NOT be categorized under refunds of revenue collected?

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

    What comprises the haulage cost of pantry cars?

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

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

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

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

    <p>Recoveries</p> Signup and view all the answers

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

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

    Which recovery is linked to Railway rest houses?

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

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

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

    Which option represents charges that have been forfeited?

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    Under which classification would excess fares be categorized?

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    What does the advertisement through hoardings primarily include?

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

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

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

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

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

    What does Z-650 cover under other unclassified receipts?

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

    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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    Related Documents

    Finance Code Vol-2, Appendix 134-145 PDF

    Description

    Test your knowledge on the classification of railway revenue, covering main heads like coaching traffic, goods traffic, and sundry revenue. Understand the different codes and categories used in the railway revenue system, including details of fares, charges, and penalties. This quiz delves into the structure and rules governing revenue classification.

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