Question

During the year 2006-07 Indian Railways earned a profit of approximately

• A. Rs. 20,000 crores
• B. Rs. 14,000 crores
• C. Rs. 18,000 crores
• D. Rs. 16,500 crores

Hint:

This was the year Indian Railways' freight and pricing reforms made headlines for a record profit.

Answer 1

The Correct Option is A

This question checks awareness of a widely reported economic achievement of Indian Railways in the mid 2000s.

1. Rs. 20,000 crores: Correct. This is the profit figure that was widely reported for Indian Railways for the financial year 2006-07, following reforms in freight and fare policy.
2. Rs. 14,000 crores: Lower than the actual figure reported for that year, so this understates the turnaround.
3. Rs. 18,000 crores: Closer to the real figure but still below the approximately Rs. 20,000 crores that was actually cited.
4. Rs. 16,500 crores: Also below the reported figure for 2006-07.

The correct option is Rs. 20,000 crores, the profit figure that made headlines as Indian Railways posted one of its best financial years at the time.

Let's summarize:

• Indian Railways saw a major financial turnaround in the mid 2000s driven by better freight and pricing management.
• The profit for 2006-07 was reported at approximately Rs. 20,000 crores.

So Indian Railways earned an approximate profit of Rs. 20,000 crores in 2006-07.