Which one of the following is not correct with regard to the Railway C

Which one of the following is not correct with regard to the Railway Convention Committee ?

It is a Committee constituted by the Minister of Railways.
it is an ad hoc Committee of Parliament to review the rate of dividend which is payable by the Railways to the general revenues.
It suggests the level of appropriation to various Railway funds.
Minister of Finance is a nominated member of the Railway Convention Committee.
This question was previously asked in
UPSC SO-Steno – 2017
Option A is incorrect. The Railway Convention Committee is a Committee of Parliament, constituted by the Speaker of Lok Sabha in consultation with the Chairman of Rajya Sabha, not by the Minister of Railways.
The Railway Convention Committee is a standing/ad hoc committee of the Indian Parliament formed periodically. Its primary function is to review the rate of dividend payable by the Railways to the General Revenues and other related financial matters.
The Committee examines the working of the Railway Finances and makes recommendations on various aspects, including the level of appropriation to Railway Depreciation Reserve Fund and Railway Development Fund. It consists of members from both Lok Sabha and Rajya Sabha. Option B correctly describes its nature as an ad hoc committee to review the dividend rate. Option C correctly states that it suggests appropriations to funds. Option D is also incorrect as the Minister of Finance is not a nominated member; it’s composed solely of Members of Parliament.
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