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Questions and Answers
Which of the following accounts is associated with remittances within the same Railway?
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)?
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?
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?
What type of transactions are handled by the Exchange Accounts?
Which account relates to adjustments with Posts & Telegraphs?
Which account relates to adjustments with Posts & Telegraphs?
What is one source of revenue for Indian Railways mentioned?
What is one source of revenue for Indian Railways mentioned?
Which fund is mentioned as being appropriated for accident compensation?
Which fund is mentioned as being appropriated for accident compensation?
What type of revenue does the Special surcharge on passenger fares fall under?
What type of revenue does the Special surcharge on passenger fares fall under?
What is deducted from the railway Pension Fund?
What is deducted from the railway Pension Fund?
Which line is specifically mentioned in the context of working expenses?
Which line is specifically mentioned in the context of working expenses?
What type of revenue is provided as a subsidy from the central government?
What type of revenue is provided as a subsidy from the central government?
What type of receipts are classified as miscellaneous?
What type of receipts are classified as miscellaneous?
Which fund is used to compensate for accidents in Indian Railways?
Which fund is used to compensate for accidents in Indian Railways?
What is covered under 'Loans and advances' for Government Servants?
What is covered under 'Loans and advances' for Government Servants?
What type of works does the 'Commercial Lines—Development Fund' cater to?
What type of works does the 'Commercial Lines—Development Fund' cater to?
Which type of advance is NOT mentioned for Government Servants?
Which type of advance is NOT mentioned for Government Servants?
What is the purpose of the fund labeled 'Depreciation Reserve Fund'?
What is the purpose of the fund labeled 'Depreciation Reserve Fund'?
Which loan category includes 'Loans for Co-operation'?
Which loan category includes 'Loans for Co-operation'?
Which fund should amounts for safety and passenger amenities be deducted from?
Which fund should amounts for safety and passenger amenities be deducted from?
What type of works does 'Strategic Lines—Safety and Passenger Amenity Works' specifically focus on?
What type of works does 'Strategic Lines—Safety and Passenger Amenity Works' specifically focus on?
Which of these is NOT allocated as a loan category for Government Servants?
Which of these is NOT allocated as a loan category for Government Servants?
What is the total amount for deposits with governments of foreign countries?
What is the total amount for deposits with governments of foreign countries?
Which account is associated with unclaimed provident fund deposits?
Which account is associated with unclaimed provident fund deposits?
In the context of the content, what does the entry for 'Total 84455' represent?
In the context of the content, what does the entry for 'Total 84455' represent?
What type of accounts does 'L—Suspense and Miscellaneous' refer to?
What type of accounts does 'L—Suspense and Miscellaneous' refer to?
Which of the following is listed as a non-contributory account?
Which of the following is listed as a non-contributory account?
What is the purpose of 'Ledger Balance Adjustment' in the miscellaneous accounts?
What is the purpose of 'Ledger Balance Adjustment' in the miscellaneous accounts?
Which listed account pertains to advances related to railways?
Which listed account pertains to advances related to railways?
What is the total figure mentioned for 'Deposits not bearing interest'?
What is the total figure mentioned for 'Deposits not bearing interest'?
Which account type is involved with 'Advances Write off'?
Which account type is involved with 'Advances Write off'?
What is included in the category of 'Miscellaneous' as per the provided content?
What is included in the category of 'Miscellaneous' as per the provided content?
What is one source of revenue for the Railway Revenue Reserve Funds?
What is one source of revenue for the Railway Revenue Reserve Funds?
Which of the following is NOT a type of loan mentioned for Government Servants?
Which of the following is NOT a type of loan mentioned for Government Servants?
Which fund is associated with the appropriation from surplus?
Which fund is associated with the appropriation from surplus?
What is the primary purpose of the contingency fund?
What is the primary purpose of the contingency fund?
Which of the following is included in the 'Loans to Branch Line Companies'?
Which of the following is included in the 'Loans to Branch Line Companies'?
Which account provides the primary funding source for the Railway Pension Fund?
Which account provides the primary funding source for the Railway Pension Fund?
The total for which category is represented by 7615?
The total for which category is represented by 7615?
Which of the following sources is part of the Railway Revenue Reserve Fund?
Which of the following sources is part of the Railway Revenue Reserve Fund?
What does the Railway Development Fund primarily rely on for its income?
What does the Railway Development Fund primarily rely on for its income?
Which part of the financial structure deals specifically with Small Savings and Provident Funds?
Which part of the financial structure deals specifically with Small Savings and Provident Funds?
Which of the following categories is related to safety and passenger amenity expenditures in Indian Railways?
Which of the following categories is related to safety and passenger amenity expenditures in Indian Railways?
What type of works does the fund labeled 'Strategic Lines—Replacement and Renewal Works' primarily support?
What type of works does the fund labeled 'Strategic Lines—Replacement and Renewal Works' primarily support?
Which fund is directly associated with compensating for accidents in Indian Railways?
Which fund is directly associated with compensating for accidents in Indian Railways?
What is the primary function of the fund derived from 'Miscellaneous Loans'?
What is the primary function of the fund derived from 'Miscellaneous Loans'?
Which of the following types of advances is used for purchasing motor cars under Government Servants' loans?
Which of the following types of advances is used for purchasing motor cars under Government Servants' loans?
Which funding category would amounts related to safety improvements be deducted from?
Which funding category would amounts related to safety improvements be deducted from?
Which of the following categories includes 'Loans for Co-operation' in the financial structure of Indian Railways?
Which of the following categories includes 'Loans for Co-operation' in the financial structure of Indian Railways?
Which of the following accounts is specifically associated with deposits of foreign countries?
Which of the following accounts is specifically associated with deposits of foreign countries?
What type of account encompasses unclaimed provident fund deposits?
What type of account encompasses unclaimed provident fund deposits?
Which of the following totals represents the account associated with railway deposits?
Which of the following totals represents the account associated with railway deposits?
In the context of the provided content, which account type is involved with 'Advances Write off'?
In the context of the provided content, which account type is involved with 'Advances Write off'?
What is the primary function of the 'Total L—Suspense and Miscellaneous' account?
What is the primary function of the 'Total L—Suspense and Miscellaneous' account?
What type of financial activities does the Addl.(Wages) Deposits Suspense Account primarily handle?
What type of financial activities does the Addl.(Wages) Deposits Suspense Account primarily handle?
Which account is specifically associated with managing cash credits received from Pakistan?
Which account is specifically associated with managing cash credits received from Pakistan?
In relation to the content provided, which fund is primarily concerned with accident compensation?
In relation to the content provided, which fund is primarily concerned with accident compensation?
What is the primary function of the Indian Railway Conference Association Employees Provident Fund?
What is the primary function of the Indian Railway Conference Association Employees Provident Fund?
What does the entry labeled 'Loss or gain in conversion to decimal coinage' refer to?
What does the entry labeled 'Loss or gain in conversion to decimal coinage' refer to?
Which of the following is allocated for passenger amenity works in the provided structure?
Which of the following is allocated for passenger amenity works in the provided structure?
The term 'Adjustment in debt settlement with Pakistan' specifically pertains to which type of account?
The term 'Adjustment in debt settlement with Pakistan' specifically pertains to which type of account?
What is indicated by the entry 'Total 8658 Suspense Accounts' in the financial context provided?
What is indicated by the entry 'Total 8658 Suspense Accounts' in the financial context provided?
Which of the following best describes the purpose of the Staff Benefit Fund in the context given?
Which of the following best describes the purpose of the Staff Benefit Fund in the context given?
Which option correctly identifies a type of deposit that does not generate interest?
Which option correctly identifies a type of deposit that does not generate interest?
What is deducted from the Railway Revenue Reserve Fund?
What is deducted from the Railway Revenue Reserve Fund?
Which type of reserve fund is mentioned in connection with depreciation?
Which type of reserve fund is mentioned in connection with depreciation?
What accounts for the interest on fund balances under the appropriations from the revenue account?
What accounts for the interest on fund balances under the appropriations from the revenue account?
Which fund is involved in the repayment for loans taken from general revenues?
Which fund is involved in the repayment for loans taken from general revenues?
Which of the following is included in total revenue expenditure?
Which of the following is included in total revenue expenditure?
From which source is the amount for amortization over capitalization paid?
From which source is the amount for amortization over capitalization paid?
What directly affects the establishment charges recovered from other Government Departments?
What directly affects the establishment charges recovered from other Government Departments?
Which of the following accounts is primarily associated with loans for railway personnel?
Which of the following accounts is primarily associated with loans for railway personnel?
What type of funds are specifically utilized for managing employee provident accounts?
What type of funds are specifically utilized for managing employee provident accounts?
What type of deposits are categorized under 8337?
What type of deposits are categorized under 8337?
Which type of fund is related to railway employees' provident funds?
Which type of fund is related to railway employees' provident funds?
What does the term 'Total 8445' represent in the context provided?
What does the term 'Total 8445' represent in the context provided?
Which of the following statements accurately describes 'Loans to Branch Line Companies'?
Which of the following statements accurately describes 'Loans to Branch Line Companies'?
Which account is associated with losses from securities sales?
Which account is associated with losses from securities sales?
What does the category of 'Deposits not bearing interest' include?
What does the category of 'Deposits not bearing interest' include?
What is the function of the 'Revenue Reserve Fund Investment Account'?
What is the function of the 'Revenue Reserve Fund Investment Account'?
Which account type might include provisions for dividend equalization?
Which account type might include provisions for dividend equalization?
What is primarily managed under 'Indian Railway Deposits' in the context provided?
What is primarily managed under 'Indian Railway Deposits' in the context provided?
What is included in the profits of the Railway Revenue Reserve Fund?
What is included in the profits of the Railway Revenue Reserve Fund?
Flashcards
Commercial Line Revenue
Commercial Line Revenue
The revenue generated from the commercial lines of the Indian Railways, including government share of surplus profits, miscellaneous receipts, and special surcharges on passenger fares.
Strategic Line Revenue
Strategic Line Revenue
The revenue generated from the strategic lines of the Indian Railways. These lines are often subsidized by the government and may not be as profitable as commercial lines.
Commercial Line Working Expenses
Commercial Line Working Expenses
The expenses incurred in operating the commercial lines of the Indian Railways. These expenses can include things like maintenance, salaries, and fuel.
Strategic Line Working Expenses
Strategic Line Working Expenses
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Government Share of Surplus Profits
Government Share of Surplus Profits
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Accident Compensation, Safety and Passenger Amenities Fund
Accident Compensation, Safety and Passenger Amenities Fund
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Railway Pension Fund
Railway Pension Fund
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What are strategic lines?
What are strategic lines?
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What are revenue receipts?
What are revenue receipts?
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What lines are part of the Indian Railways?
What lines are part of the Indian Railways?
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What is the Consolidated Fund?
What is the Consolidated Fund?
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What are loans and advances?
What are loans and advances?
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How are consumer cooperatives financed?
How are consumer cooperatives financed?
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Why does the government provide loans to its employees?
Why does the government provide loans to its employees?
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What are miscellaneous loans?
What are miscellaneous loans?
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How are the Indian Railways' finances managed?
How are the Indian Railways' finances managed?
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What is the Railway Revenue Reserve Fund?
What is the Railway Revenue Reserve Fund?
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What is the Railway Development Fund?
What is the Railway Development Fund?
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What is the purpose of the Railway Pension Fund?
What is the purpose of the Railway Pension Fund?
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What are Loans from General Revenues?
What are Loans from General Revenues?
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What is Railway Revenue?
What is Railway Revenue?
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What is the Contingency Fund?
What is the Contingency Fund?
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What are Loans to Government Servants?
What are Loans to Government Servants?
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What are Loans to Branch Line Companies?
What are Loans to Branch Line Companies?
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Suspense Account
Suspense Account
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Suspense Account (Railways)
Suspense Account (Railways)
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Exchange Accounts
Exchange Accounts
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Transfer with in the same Railway.
Transfer with in the same Railway.
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Inter Government Adjustment
Inter Government Adjustment
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Deposits with Reserve Bank
Deposits with Reserve Bank
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Provident Fund Investment Account
Provident Fund Investment Account
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Accounts with governments of foreign countries
Accounts with governments of foreign countries
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Miscellaneous Government Account
Miscellaneous Government Account
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Ledger Balance Adjustment
Ledger Balance Adjustment
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Department Advances
Department Advances
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Other Deposits
Other Deposits
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Railway Advances
Railway Advances
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Trust Interest Account
Trust Interest Account
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Revenue Receipts
Revenue Receipts
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Strategic Lines
Strategic Lines
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Commercial Lines
Commercial Lines
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Loans for Co-operation
Loans for Co-operation
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Loans to Government Servants
Loans to Government Servants
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Railway Revenue Reserve Fund
Railway Revenue Reserve Fund
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Railway Development Fund
Railway Development Fund
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Loans from General Revenues
Loans from General Revenues
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Railway Revenue
Railway Revenue
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Contingency Fund
Contingency Fund
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What are the types of railway lines?
What are the types of railway lines?
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What are commercial lines?
What are commercial lines?
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What is the Commercial Line Working Expenses Fund?
What is the Commercial Line Working Expenses Fund?
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What is the Strategic Line Working Expenses Fund?
What is the Strategic Line Working Expenses Fund?
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What are Deposits with Reserve Bank?
What are Deposits with Reserve Bank?
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What are Department Advances?
What are Department Advances?
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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.
Other Revenue-Related Funds
- 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.
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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.
