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Industrial Sector (Part – III)

📆 October 9, 2024

Total Questions: 50

21. In the financial year 2010-11, the Government of India announced a 'Maharatna' scheme for giving more autonomy and power to expand to some of its 'Navratnas' Which among the following was not given Maharatna status? [U.P.P.C.S. (Mains) 2010]

Correct Answer: (a) Oil India
Solution:As per the question period, Oil India Limited (OIL) was a Navratna CPSE under the administrative control of India's Ministry of Petroleum and Natural Gas but in 2023, it is upgraded to Maharatna status. At present (As on 30 April, 2024) there are 13 Maharatna, 20 Navratna and 65 Miniratna (54 in Category-1 and 11 in Category-II) Central Public Sec- tor Enterprises (CPSEs) in India.

List of Maharatna CPSEs (As on 30 April, 2024):

1. Bharat Heavy Electricals Limited (BHEL)

2. GAIL (India) Limited

3. Coal India Limited (CIL)

4. Indian Oil Corporation Limited (IOCL)

5. NTPC Limited

6 Steel Authority of India Limited (SAIL)

7. Oil and Natural Gas Corporation Limited (ONGC)

8. Bharat Petroleum Corporation Limited (BPCL)

9 . Hindustan Petroleum Corporation Limited (HPCL)

10. Power Grid Corporation of India Limited (PGCIL)

11. Power Finance Corporation Limited (PFCL)

12. Rural Electrification Corporation Limited (REC Ltd.)

13. Oil India Limited (OIL)

Note: REC Ltd. gets Maharatna Company status in September, 2022 while Oil India Ltd. gets this status in August, 2023.

22. Which of the following Indian Public sector undertaking has not received the 'Maharatna' status given to four 'Navratna' companies? [U.P.U.D.A./L.D.A (Pre) 2013]

Correct Answer: (b) BEL
Solution:As per the question period, Oil India Limited (OIL) was a Navratna CPSE under the administrative control of India's Ministry of Petroleum and Natural Gas but in 2023, it is upgraded to Maharatna status. At present (As on 30 April, 2024) there are 13 Maharatna, 20 Navratna and 65 Miniratna (54 in Category-1 and 11 in Category-II) Central Public Sec- tor Enterprises (CPSEs) in India.

List of Maharatna CPSEs (As on 30 April, 2024):

1. Bharat Heavy Electricals Limited (BHEL)

2. GAIL (India) Limited

3. Coal India Limited (CIL)

4. Indian Oil Corporation Limited (IOCL)

5. NTPC Limited

6 Steel Authority of India Limited (SAIL)

7. Oil and Natural Gas Corporation Limited (ONGC)

8. Bharat Petroleum Corporation Limited (BPCL)

9 . Hindustan Petroleum Corporation Limited (HPCL)

10. Power Grid Corporation of India Limited (PGCIL)

11. Power Finance Corporation Limited (PFCL)

12. Rural Electrification Corporation Limited (REC Ltd.)

13. Oil India Limited (OIL)

Note: REC Ltd. gets Maharatna Company status in September, 2022 while Oil India Ltd. gets this status in August, 2023.

23. In which year Bharat Heavy Electricals Limited (BHEL) was received the status of Maharatna Company?

Correct Answer: (c) 2013
Solution:Bharat Heavy Electricals Limited (BHEL) received the status of Maharatna Company in 2013. Consistent high performance, while operating in a highly competitive environment and fulfillment of the required eligibility criteria has enabled BHEL. to attain the Maharatna status.                                                          BHEL was established in the Indigenous Heavy Equipment Industry in India in 1964. In 1974 Heavy Electricals Limited merged with BHEL. BHEL was transformed into a limited public enterprise in 1991. Over time, it has built the capacity to manufacture a wide variety of electrical, electronic and mechanical equipment for all industries, like transmission, transportation, oil and gas and other sectors.
Yet the majority of the company's income is generated from the selling of power plants such as boilers, generators, etc. BHEL provided appliances, as of 2017, produced around 55 per cent of India's total electricity generation capacity. The organization also offered thousands of electric locomotives and defence equipment to Indian Railways, including the Super Rapid Gun Mount (SRGM) naval guns produced for the Indian Army in collaboration with the Indian Ordnance Factories and Defence Simulators.

24. Aa on October 2019, how many Maharatna Companies are in India? [Chhattisgarh P.C.S. (Pre) 2019]

Correct Answer: (c) 10
Solution:As per the question period, option (c) was the correct answer. While at present (As on 30 April, 2024), there are 13 Maharatna Companies in India.   Public Sector Undertakings (PSUs) in India are also classified based on their specific non-financial objectives and are registered under Section 8 of the Companies Act, 2013 (formerly Section 25 of the Companies Act, 1956). In 2010, the government introduced the Maharatna category to recognize higher-performing PSUs.
Eligibility Criteria for a Maharatna Company:
  • Must hold Navratna status.
  • Listed on the Indian stock exchange with the required minimum public shareholding as per Securities and Exchange Board of India (SEBI) regulations.
  • Should have an average annual net profit after tax exceeding Rs. 5,000 crore over the last three years.
  • Must maintain an average annual turnover of Rs. 25,000 crore for three years, or
  • An average annual net worth of Rs. 15,000 crore for three years.
  • Must demonstrate a global presence or international operations.
    I.No
    Central Public Sector Enterprises (CPSE - Maharatna Company)
    1 NTPC Limited (NTPC)
    2 Oil and Natural Gas Corporation Limited (ONGC)
    3 Steel Authority of India Limited (SAIL)
    4 Bharat Heavy Electricals Limited (BHEL)
    5 Indian Oil Corporation Limited (IOCL)
    6 Hindustan Petroleum Corporation Limited (HPCL)
    7 Coal India Limited (CIL)
    8 GAIL India Limited (GAIL)
    9 Bharat Petroleum Corporation Limited (BPCL)
    10 Power Grid Corporation of India Limited (POWERGRID)
    11 Power Finance Corporation
    12 Rural Electrification Corporation Limited
    13
    Oil India Ltd

25. Which of the following is included in 'Navratna'? [M.P.P.C.S. (Pre) 2013]

Correct Answer: (c) Bharat Electronic Limited
Solution:List of Navatna CPSEs (as on 30 April, 2024):

1. Bharat Electronics Limited

2. Container Corporation of India Limited

3. Engineers India Limited

4. Hindustan Aeronautic Limited

5. Mahanagar Telephone Nigam Limited

6. National Aluminium Company Limited

7. National Building Construction Corporation Limited

8. NMDC Limited

9. Neyveli Lignite Corporation Limited

10. Rashtriya Ispat Nigam Limited

11. Shipping Corporation of India Limited

12. Rail Vikas Nigam Limited

13. ONGC Videsh Limited

14. Rashtriya Chemicals & Fertilizers Limited

15. IRCON International Limited

16. RITES Limited

17. National Fertilizers Limited

18. Central Warehousing Corporation

19. Housing & Urban Development Corporation Limited

20. Indian Renewable Energy Development Agency Limited

26. The Public Sector undertaking included in 'Navratna' is [U.P.P.C.S. (Mains) 2012]

Correct Answer: (c) MTNL
Solution:At present MTNL(Mahanagar Telephone Nigam Limited) is a Navratna public sector undertaking, while GAIL and SAIL are Maharatna PSUs              Navaratna companies could invest up to Rs 1,000 crore without explicit government approval.
Overall, there are 14 Central Public Sector Enterprises which have been categorized as Navratna Companies based on criteria put out by the Government of India.
Eligibility Criteria:
A company must first be a Miniratna and have 4 independent directors on its board before it can be made a Navratna. A score of 60 (out of 100) is required, based on the parameters which are given below
1. PBDIT (Profit Before Depreciation, Interest and Taxes)
2. Total Manpower Cost
3. Cost of Services
4. Capital Employed
5. Net Worth
6. Net Profit

27. Which one of the following public sector undertakings has not been accorded status of 'Navratna'? [U.P.P.C.S. (Mains) 2006]

Correct Answer: (a) Indian Aluminium Company Limited
Solution:Navratna status was not given to Indian Aluminium Company Limited (as it is a private company, not a CPSE), while the remaining three companies were included in the 'Navratna' category in the question period. At present, SAIL., Power Grid Corporation of India and Rural Electrification Corporation are Maharatna category CPSEs.

28. Which one of the following Aluminium Companies has been given 'Navaratna Status' by the Government of India? [U.P. Lower Sub. (Pre) 2013]

Correct Answer: (a) NALCO
Solution:National Aluminium Company Limited (NALCO) was established in 1981, with its registered office at Bhubaneswar. It is a Navratna CPSE having integrated and diversified operations in mining, metal and power under Ministry of Mines, Government of India. Presently, Government of India holds 51.28% equity in NALCO.                                                                                                      BALCO: Was incorporated in 1965 as the first Public Sector Undertaking (PSU) in India.
HINDALCO: Is one of India's biggest aluminium manufacturing companies and the world's largest flat-rolled products player and recycler of aluminium.
MALCO: A non-government company and one of the largest aluminium companies in the private sector, with its headquarters in Mettur, Tamil Nadu.

29. What was the maximum amount which has been provided as financial autonomy by the Ministry of Heavy Industries and Public Enterprises of Union Government to the 'Mini Ratna', Category-I? [B.P.S.C (Pre) 2011]

Correct Answer: (d) Rs. 500 crore
Solution:The CPSE which have made profit in the last three years continuously, pre-tax profit is Rs. 30 crore or more in at least one of the three years and have a positive net worth are eligible to be considered for grant of Miniratna-I status. Companies categorised as Miniratna Category-I enjoy financial autonomy for investment decisions up to Rs. 500 crore or an amount equivalent to their net worth, whichever is lower.

30. Six more Public Sector Undertaking have been accorded status of Miniratna by the Government of India (September 2006). [U.P.P.C.S. (Pre) 2006]

Choose the one which is not included amongst them from the following:

Correct Answer: (b) Indian Telephone Industries
Solution:On September 19, 2006 six more CPSEs were given the status of Miniratna by the Government of India, which are as follows:

1. Bharat Sanchar Nigam Ltd. (BSNL), 2. BEML, 3. Hindustan Latex Ltd. (Now HLL Lifecare Ltd.), 4. Engineering Project ( India) Ltd., 5. Rashtriya Ispat Nigam Limited, 6. Garden Reach Shipbuilders and Engineers.

Indian Telephone Industries is not a Miniratna company. At present, Rashtriya Ispat Nigam Limited (RINL) has the status of Navratna Company

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