Which of the following does not constitute the special status as granted to central public sector enterprises in context to India?
Answer & explanation
Correct answer: option 3
The correct answer is option 3: Panchratnas
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 managerial and operational autonomy, in taking various decisions to run the company efficiently and thus increase their profits.