Which of the following is NOT a status granted to central public sector enterprises in India?
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Panchratnas
The government grants central PSEs three kinds of status: maharatnas, navratnas and miniratnas. Such status gives them more autonomy to run the company efficiently.
Option (1) Navratnas — True. Navratna is a status given to PSEs, such as Hindustan Aeronautics Limited.
Option (2) Miniratnas — True. Miniratna is also a status, given for example to Bharat Sanchar Nigam Limited.
Option (3) Panchratnas — False. There is no such status.
Option (4) Maharatnas — True. Maharatna is the status of firms such as Indian Oil Corporation Limited.
NCERT (2026-27): “Box 3.1: Navratnas and Public Enterprise Policies … In order to improve efficiency, infuse professionalism and enable them to compete more effectively in the liberalised global environment, the government identifies PSEs and declare them as maharatnas, navratnas and miniratnas. They were given greater financial, managerial and operational autonomy, in taking various decisions to run the company efficiently and thus increase their profits. The Central Public Sector Enterprises are designated with different status. A few examples of public enterprises with their status are as follows: (i) Maharatnas – (a) Indian Oil Corporation Limited, and (b) Steel Authority of India Limited, (ii) Navratnas – (a) Hindustan Aeronautics Limited, (b) Mahanagar Telephone Nigam Limited; and (c) Indian Railway Catering and Tourism Corporation Limited. and (iii) Miniratnas – (a) Bharat Sanchar Nigam Limited; (b) Airport Authority of India. …” |