EPFO 2023 PYQ with Answer — The Railway Budget was separated from General Budget owing to:

2023 · Q114

The Railway Budget was separated from General Budget owing to:

Indian EconomyFiscal policy and budget

ADistributive Convention of 1925
BSeparation Convention of 1924
CBifurcation of Estimates of 1925
DEqualising Convention of 1925

Explanation

The Railway Budget was separated from the General Budget in 1924 under the Separation Convention, on the recommendation of the Acworth Committee, to give railways financial autonomy. It was merged back in 2016. The other named conventions are not associated with this separation. Hence (b).