Revenue Account Analysis for Railways
82 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which of the following accounts is associated with remittances within the same Railway?

  • Adjusting Account with Posts & Telegraphs
  • Inter Government Adjustment Accounts
  • Suspense Account (Railways) (correct)
  • Accounts with States etc.

    • What is the purpose of the Deposit Suspense Account (Old)?

  • To manage transactions on behalf of International Development Association
  • For adjusting accounts with states
  • To track remittances to the Reserve Bank
  • For repayments of Additional (DA) Deposits (correct)

    • Which account would be used for managing loans from the World Bank for Railway projects?

  • Accounts with States etc.
  • World Bank Loan for Railway Projects (correct)
  • Reserve Bank Suspense
  • P.A.O. Suspense

    • What type of transactions are handled by the Exchange Accounts?

    <p>Inter Government Adjustment Transactions</p> Signup and view all the answers

    Which account relates to adjustments with Posts & Telegraphs?

    <p>8788—Adjusting Account with Posts &amp; Telegraphs</p> Signup and view all the answers

    What is one source of revenue for Indian Railways mentioned?

    <p>Government share from subsidized companies</p> Signup and view all the answers

    Which fund is mentioned as being appropriated for accident compensation?

    <p>Passenger Amenities Fund</p> Signup and view all the answers

    What type of revenue does the Special surcharge on passenger fares fall under?

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

    What is deducted from the railway Pension Fund?

    <p>Amounts met for accident compensation</p> Signup and view all the answers

    Which line is specifically mentioned in the context of working expenses?

    <p>Commercial Lines</p> Signup and view all the answers

    What type of revenue is provided as a subsidy from the central government?

    <p>Dividend reliefs and concessions</p> Signup and view all the answers

    What type of receipts are classified as miscellaneous?

    <p>Commercial receipts</p> Signup and view all the answers

    Which fund is used to compensate for accidents in Indian Railways?

    <p>Safety and Passenger Amenities Fund</p> Signup and view all the answers

    What is covered under 'Loans and advances' for Government Servants?

    <p>House Building Advances</p> Signup and view all the answers

    What type of works does the 'Commercial Lines—Development Fund' cater to?

    <p>Development Fund Works</p> Signup and view all the answers

    Which type of advance is NOT mentioned for Government Servants?

    <p>Home Renovation Advance</p> Signup and view all the answers

    What is the purpose of the fund labeled 'Depreciation Reserve Fund'?

    <p>Replacement and Renewal Works</p> Signup and view all the answers

    Which loan category includes 'Loans for Co-operation'?

    <p>Consumer Co-operatives</p> Signup and view all the answers

    Which fund should amounts for safety and passenger amenities be deducted from?

    <p>Accident Compensation Fund</p> Signup and view all the answers

    What type of works does 'Strategic Lines—Safety and Passenger Amenity Works' specifically focus on?

    <p>Safety enhancements</p> Signup and view all the answers

    Which of these is NOT allocated as a loan category for Government Servants?

    <p>Travel Loans</p> Signup and view all the answers

    What is the total amount for deposits with governments of foreign countries?

    <p>8679</p> Signup and view all the answers

    Which account is associated with unclaimed provident fund deposits?

    <p>Trust Interest Account</p> Signup and view all the answers

    In the context of the content, what does the entry for 'Total 84455' represent?

    <p>Total Railway Deposits</p> Signup and view all the answers

    What type of accounts does 'L—Suspense and Miscellaneous' refer to?

    <p>Non-specific Accounts</p> Signup and view all the answers

    Which of the following is listed as a non-contributory account?

    <p>Deposits with Reserve Bank</p> Signup and view all the answers

    What is the purpose of 'Ledger Balance Adjustment' in the miscellaneous accounts?

    <p>To correct discrepancies in accounts</p> Signup and view all the answers

    Which listed account pertains to advances related to railways?

    <p>Railway Advances—Railway</p> Signup and view all the answers

    What is the total figure mentioned for 'Deposits not bearing interest'?

    <p>8445</p> Signup and view all the answers

    Which account type is involved with 'Advances Write off'?

    <p>Railway Advances</p> Signup and view all the answers

    What is included in the category of 'Miscellaneous' as per the provided content?

    <p>Miscellaneous Government Account</p> Signup and view all the answers

    What is one source of revenue for the Railway Revenue Reserve Funds?

    <p>Gain on sale of securities</p> Signup and view all the answers

    Which of the following is NOT a type of loan mentioned for Government Servants?

    <p>Festival Advance</p> Signup and view all the answers

    Which fund is associated with the appropriation from surplus?

    <p>Railway Development Fund</p> Signup and view all the answers

    What is the primary purpose of the contingency fund?

    <p>Support expenditures that are unanticipated</p> Signup and view all the answers

    Which of the following is included in the 'Loans to Branch Line Companies'?

    <p>Refund of loans to Branch Line Companies</p> Signup and view all the answers

    Which account provides the primary funding source for the Railway Pension Fund?

    <p>Revenue Account</p> Signup and view all the answers

    The total for which category is represented by 7615?

    <p>Miscellaneous Loans</p> Signup and view all the answers

    Which of the following sources is part of the Railway Revenue Reserve Fund?

    <p>Appropriation from Surplus</p> Signup and view all the answers

    What does the Railway Development Fund primarily rely on for its income?

    <p>Interest on Fund Balances</p> Signup and view all the answers

    Which part of the financial structure deals specifically with Small Savings and Provident Funds?

    <p>Public Account</p> Signup and view all the answers

    Which of the following categories is related to safety and passenger amenity expenditures in Indian Railways?

    <p>Commercial Lines—Safety and Passenger Amenity Works</p> Signup and view all the answers

    What type of works does the fund labeled 'Strategic Lines—Replacement and Renewal Works' primarily support?

    <p>Upgrading existing infrastructure</p> Signup and view all the answers

    Which fund is directly associated with compensating for accidents in Indian Railways?

    <p>Accident Compensation Fund</p> Signup and view all the answers

    What is the primary function of the fund derived from 'Miscellaneous Loans'?

    <p>To facilitate unplanned railway expenses</p> Signup and view all the answers

    Which of the following types of advances is used for purchasing motor cars under Government Servants' loans?

    <p>Advance for Purchase of Motor Cars</p> Signup and view all the answers

    Which funding category would amounts related to safety improvements be deducted from?

    <p>Accident Compensation, Safety and Passenger Amenities Fund</p> Signup and view all the answers

    Which of the following categories includes 'Loans for Co-operation' in the financial structure of Indian Railways?

    <p>Consumer Co-operatives</p> Signup and view all the answers

    Which of the following accounts is specifically associated with deposits of foreign countries?

    <p>To 8679—Accounts with governments of other countries</p> Signup and view all the answers

    What type of account encompasses unclaimed provident fund deposits?

    <p>Miscellaneous Government Account</p> Signup and view all the answers

    Which of the following totals represents the account associated with railway deposits?

    <p>Total 84455—Railway Deposits</p> Signup and view all the answers

    In the context of the provided content, which account type is involved with 'Advances Write off'?

    <p>Ledger Balance Adjustment</p> Signup and view all the answers

    What is the primary function of the 'Total L—Suspense and Miscellaneous' account?

    <p>To consolidate various unexpected transactions</p> Signup and view all the answers

    What type of financial activities does the Addl.(Wages) Deposits Suspense Account primarily handle?

    <p>Advance payments for wage-related adjustments</p> Signup and view all the answers

    Which account is specifically associated with managing cash credits received from Pakistan?

    <p>Deposit Suspense Account (New)</p> Signup and view all the answers

    In relation to the content provided, which fund is primarily concerned with accident compensation?

    <p>Accident Compensation Fund</p> Signup and view all the answers

    What is the primary function of the Indian Railway Conference Association Employees Provident Fund?

    <p>Providing retirement benefits to railway employees</p> Signup and view all the answers

    What does the entry labeled 'Loss or gain in conversion to decimal coinage' refer to?

    <p>Effects of transitioning to a new currency system</p> Signup and view all the answers

    Which of the following is allocated for passenger amenity works in the provided structure?

    <p>Passenger Amenity Works Fund</p> Signup and view all the answers

    The term 'Adjustment in debt settlement with Pakistan' specifically pertains to which type of account?

    <p>Additional Deposit Suspense Account</p> Signup and view all the answers

    What is indicated by the entry 'Total 8658 Suspense Accounts' in the financial context provided?

    <p>The cumulative amount in various suspense accounts</p> Signup and view all the answers

    Which of the following best describes the purpose of the Staff Benefit Fund in the context given?

    <p>Providing employee welfare and benefits</p> Signup and view all the answers

    Which option correctly identifies a type of deposit that does not generate interest?

    <p>Deposits not bearing interest</p> Signup and view all the answers

    What is deducted from the Railway Revenue Reserve Fund?

    <p>Amount met from Railway Revenue</p> Signup and view all the answers

    Which type of reserve fund is mentioned in connection with depreciation?

    <p>Depreciation Reserve Fund Railways</p> Signup and view all the answers

    What accounts for the interest on fund balances under the appropriations from the revenue account?

    <p>Interest accrued from various investments</p> Signup and view all the answers

    Which fund is involved in the repayment for loans taken from general revenues?

    <p>Deferred Dividend Liability Fund</p> Signup and view all the answers

    Which of the following is included in total revenue expenditure?

    <p>Interest on loans from the Railway Revenue Reserve Fund</p> Signup and view all the answers

    From which source is the amount for amortization over capitalization paid?

    <p>Revenue Account</p> Signup and view all the answers

    What directly affects the establishment charges recovered from other Government Departments?

    <p>Audit inspections</p> Signup and view all the answers

    Which of the following accounts is primarily associated with loans for railway personnel?

    <p>Development Funds</p> Signup and view all the answers

    What type of funds are specifically utilized for managing employee provident accounts?

    <p>Contributory Provident Funds</p> Signup and view all the answers

    What type of deposits are categorized under 8337?

    <p>Deposits bearing interest</p> Signup and view all the answers

    Which type of fund is related to railway employees' provident funds?

    <p>Non-Contributory Fund</p> Signup and view all the answers

    What does the term 'Total 8445' represent in the context provided?

    <p>Total deposits of railways</p> Signup and view all the answers

    Which of the following statements accurately describes 'Loans to Branch Line Companies'?

    <p>Covers amortization of over-capitalization</p> Signup and view all the answers

    Which account is associated with losses from securities sales?

    <p>Revenue Reserve Fund</p> Signup and view all the answers

    What does the category of 'Deposits not bearing interest' include?

    <p>Unclaimed Provident Fund Deposits</p> Signup and view all the answers

    What is the function of the 'Revenue Reserve Fund Investment Account'?

    <p>To purchase securities for revenue reserve fund</p> Signup and view all the answers

    Which account type might include provisions for dividend equalization?

    <p>Loans to Branch Line Companies</p> Signup and view all the answers

    What is primarily managed under 'Indian Railway Deposits' in the context provided?

    <p>Loans and claims for branch lines</p> Signup and view all the answers

    What is included in the profits of the Railway Revenue Reserve Fund?

    <p>Transfers to revenue</p> Signup and view all the answers

    Study Notes

    Revenue Account Schedules

    • This document details the revenue account for a specific month, likely for a railway.
    • The document is organized by schedules detailing various revenue streams and expenses.
    • It includes schedules for miscellaneous receipts, commercial and strategic lines revenue, working expenses (commercial and strategic), and open line works for commercial and strategic lines.
    • Additional schedules concern various types of works, including development funds, safety, renewal works, and maintenance.
    • Data on transactions under major heads (e.g., 1001, 1002, 1003, 3001, 3002, 3003, 3004) is presented.
    • The document covers policy formulation, research, miscellaneous organizations, and other relevant railway operations.
    • It includes detailed information on expenditure on passenger and staff amenities, safety, renewals, and different operational functions.
    • The document also contains statements regarding details of audit expenditure, additional wages and deposits, transfer transactions, closing cash balances, and other relevant financial data. It specifies transactions relating to audit staff, transfer railway traffic, and closing cash balances.

    Statement of Receipts and Outgoings

    • This statement details receipts and expenses for a specific month.
    • There are separate sections for consolidated receipts and outgoings, broken down by type (e.g., commercial lines, strategic lines).
    • It shows the consolidated revenue, cost of freight, special surcharges on fares (likely related to accidents), various types of expenditure, and deductions from railway pension funds. It also details expenditure on passenger amenities and railway user amenities.

    Additional Schedules and Statements

    • The document comprises various schedules and statements detailing specific aspects of railway operations and finance.
    • Various schedules cover expenses on different types of work, safety, renewal, and passenger amenities for both commercial and strategic lines.
    • There are details on deposits, loans, advances, additional wages, and deposits, transfer transactions, and closing cash balances.
    • Different types of railway expenses are detailed, such as expenditure on different lines of works, development and safety improvements, and passenger amenities.
    • Various financial statements cover details of transfers, actual expenditure, by 'Gross', 'Credit', and 'Net', and other data. Statements include details of audit expenditure, closing cash balances, and contingent expenditure.

    Depreciation/Renewal Reserve Funds

    • The document specifies depreciation and renewal reserves, categorizing them by commercial and strategic lines, and listing appropriations from revenue accounts, interest on fund balances, and other relevant details.
    • Separate sections cover depreciation reserve fund calculations for strategic and commercial railway lines. It includes appropriations from revenue accounts and interest on fund balances.
    • The document contains details of other revenue funds, showing appropriations from surpluses, loans from general revenue, interest on fund balances, interest on loans to branch companies, and various other items, such as dividend on investments and gains from security sales.
    • These funds address financial aspects related to railway development, maintenance, and operational expenses; it specifies, for example, loans for co-operatives.

    Staff Benefits and Other Funds

    • Information concerning staff benefit funds and other related funds is included, including details on transfers, proficiencies, investments, and various types of deposits, such as staff wages and additional deposits.

    Miscellaneous Accounts and Adjustments

    • This section covers specific details on various miscellaneous government accounts, balances, adjustments, and transfers within the railway system. It includes details, for example, on miscellaneous receipts, adjustments in balances, suspense accounts, and inter-governmental adjustments.

    Studying That Suits You

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

    Quiz Team

    Related Documents

    Appendix 11 - Railway Revenue Account PDF

    Description

    This quiz focuses on the detailed schedules of revenue accounts for railways for a specific month. It covers various revenue streams, expenses, and transaction data, including operational functions related to passenger amenities and safety. Test your understanding of railway financial operations and policy formulation.

    More Like This

    Railway Wagon Types Quiz
    13 questions

    Railway Wagon Types Quiz

    PoignantCommonsense avatar
    PoignantCommonsense
    Railway Property Security Measures
    17 questions

    Railway Property Security Measures

    FormidablePoincare avatar
    FormidablePoincare
    Classification of Revenue Expenditure
    81 questions

    Classification of Revenue Expenditure

    ScenicHummingbird6529 avatar
    ScenicHummingbird6529
    Railway Revenue Classification Quiz
    81 questions

    Railway Revenue Classification Quiz

    ScenicHummingbird6529 avatar
    ScenicHummingbird6529
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser