GK
PUBLIC ADMINISTRATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1921
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1922
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1923
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1924
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Detailed explanation-1: -Following the recommendation of the Acworth Committee in 1920-21, headed by British railway economist William Acworth The “Acworth Report” led to reorganisation of railways, the railway finances were separated from the general government finances in 1924.
Detailed explanation-2: -It was done on the recommendations of the Acworth Committee. At that time the railway budget constituted around 84% of the total budget and therefore it was recommended to separate it from the general budget.
Detailed explanation-3: -Pursuant to the recommendations of the Acworth Committee (1920-21), Railway Finances were separated in 1924 for General Finances primarily to secure stability for civil estimates by providing for an assured contribution from Railway Revenues and also to introduce flexibility in the administration of Railway Finances.