Government has approved formation of a Rail Development Authority RDA comprising Chairman and three ...........

Economic Affairs Others

Government has approved formation of a Rail Development Authority (RDA) comprising Chairman and three Members. Consider the following reference to it.

RDA will decide pricing of major rail services commensurate with costs.
It will suggest measures for enhancement of Non-Fare Revenue.
RDA will focus on protection of consumer interests by ensuring quality of service and cost optimization.
It will approve non-discriminatory open access to the Dedicated Freight Corridor (DFC) infrastructure for all MNCs

Select the correct answer using the codes below.

1, 2 and 3 only

2 and 3 only

1 and 4 only

2, 3 and 4 only

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Explanation:

The objective underlying the setting up of RDA is to get expert advice on (RDA is not the apex level decision making body it is an advisory body, which is why statement 1 and 4 are wrong):

Encouraging market development and participation of stakeholders in the rail sector and for ensuring a fair deal to the stakeholders and customers.
Benchmarking of service standards against international norms and specify and enforce standards with respect to the quality, continuity and reliability of services provided by them.
Providing framework for non-discriminatory open access to the Dedicated Freight Corridor (DFC) infrastructure and others in future.
Suggesting measures to absorb new technologies for achieving desired efficiency and performance standards. Statement 2 and 3 (objectives of RDA) are omitted in the above explanation.