Consider the following statements about the initial development of railways in India by the British : 1. Private financial investors for railways would get land free from the British Government in India. 2. The investors would get a return of 5 percent on

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Submitted by examrobotsa on

Q: 40 (CDS-I/2024)
Consider the following statements about
the initial development of railways in
India by the British :
1. Private financial investors for
railways would get land free from
the British Government in India.
2. The investors would get a return of
5 percent on their capital from the
government if they ran at a loss or
secured inadequate profit.
3. The railways would be jointly
managed with the government.
How many of the above statements
is/are correct?

question_subject: 

History

question_exam: 

CDS-I

Statements 1 and 2 are correct. Private investors received favorable terms including free land and guaranteed returns due to the strategic importance of railways.