Question

The terms Maharatna, Navratna, and Miniratna are associated with:

• A. Public sector banks classification
• B. Central Public Sector Enterprises (CPSUs)
• C. State-wise economic ranking
• D. Types of financial institutions

Hint:

"Ratna" means "Jewel." These categories represent the "Jewels" of the Indian government's industrial assets (PSUs).

Answer 1

The Correct Option is B

Concept: The Department of Public Enterprises grants specific statuses to Central Public Sector Enterprises (CPSEs).

• Purpose: To provide greater financial and operational autonomy.

• Criteria: Status is based on net profit, net worth, and turnover over a period of time.

Step 1: Understanding the Classification Hierarchy.

Maharatna is the highest category, followed by Navratna and Miniratna. Companies like ONGC, NTPC, and SAIL hold Maharatna status, allowing them to invest up to Rs. 5,000 crore in a single project without government approval.

Step 2: Identifying the associated entities.
These terms apply to

Central Public Sector Enterprises (CPSUs). They are state-owned enterprises where the government holds a majority stake. This categorization helps these companies compete globally by reducing bureaucratic delays.