WBCS.LIVE practice question

A "Navratna" company in India refers to:

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. A private sector company with high profit margins.
  2. A Public Sector Undertaking (PSU) with significant autonomy and financial independence.
  3. A foreign multinational corporation operating in India.
  4. A small-scale industry promoted by the government.

Correct answer and explanation

Correct answer: A Public Sector Undertaking (PSU) with significant autonomy and financial independence.