Regarding the Railways (Amendment) Bill, 2024, which of the following statements is/are correct?
1. It repeals the Indian Railway Board Act, 1905 and incorporates its provisions into the Railways Act, 1989.
2. The Bill empowers the Railway Board to determine the qualifications and terms of service for its members.
3. It aims to decentralize the authority of the Railway Board for improved operational efficiency.
4. The Bill restores fare concessions for senior citizens and economically weaker sections.
Select the correct answer using the code given below:
Explanation: Statement 1 is correct; the Bill repeals the 1905 Act and incorporates its provisions into the 1989 Act. Statement 2 is incorrect; it empowers the central government, not the Railway Board, to determine these aspects. Statement 3 is incorrect; the Bill maintains the Railway Board's central authority. Statement 4 is incorrect; the Bill does not address fare concessions.
Explanation: Statement 1 is correct; the Bill repeals the 1905 Act and incorporates its provisions into the 1989 Act. Statement 2 is incorrect; it empowers the central government, not the Railway Board, to determine these aspects. Statement 3 is incorrect; the Bill maintains the Railway Board's central authority. Statement 4 is incorrect; the Bill does not address fare concessions.