Economics · Economy
Consider the following statements regarding the structural changes after the merger of the Indian Railway Budget with the General Budget. Which combination of statements is CORRECT? 1) The huge revenue deficit of Railways was transferred from Railways to the Union Ministry of Finance. 2) Railways continued to operate as a commercial undertaking under a government department and retained functional autonomy. 3) Railways continued to pay the Finance Ministry dividend on the Capital-at-Charge of Railways. 4) Railways continued to raise resources from the market through the process of Extra Budgetary Resources for project finance.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11) False, 2) False, 3) True, 4) True
- 21) False, 2) False, 3) False, 4) True
- 31) False, 2) True, 3) False, 4) True✓
- 41) True, 2) False, 3) True, 4) True
Correct answer
1) False, 2) True, 3) False, 4) True
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