Finance and Budget
Q: What is the primary source of revenue for Indian Railways?
A: Freight services
Q: What is the term used for the yearly financial plan of Indian Railways?
A: Railway Budget
Q: Which ministry oversees the operations of Indian Railways?
A: Ministry of Railways
Q: What is the purpose of the Railway Finance Corporation (RFC)?
A: To raise funds for Indian Railways
Q: Which initiative aims to reduce the operational cost of Indian Railways?
A: Mission Zero Defect
Q: What does ‘operating ratio’ indicate in railway finance?
A: The ratio of operating expenses to revenue
Q: What is the significance of the ‘National Rail Plan’?
A: To create a long-term strategy for railway development
Q: What is the main focus of the ‘Dedicated Freight Corridor’ (DFC) project?
A: To build dedicated freight lines to improve logistics efficiency
Q: What is the role of the Railway Board in Indian Railways?
A: To oversee policy formulation and administrative control
Q: Which initiative aims to attract private investment in Indian Railways?
A: Public-Private Partnership (PPP) model