Q112
Indian EconomyPublic Finance, Budget & Taxation
The Railway Budget of India is
- a.part of the Union Budget
- b.a part of the State Budget
- c.Separate from the Union Budget
- d.None of the above
Answer: (C) Separate from the Union Budget
At the time of this exam (2015), the Railway Budget was presented separately from the Union Budget, a practice dating back to the Acworth Committee recommendation of 1924. This changed in 2017 when the Railway Budget was merged with the Union Budget. The answer (C) was correct for 2015.