WBCS.LIVE practice question

The prestigious 'Maharatna' status for Central Public Sector Enterprises (CPSEs) was introduced in which year?

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

Answer options

  1. 1997
  2. 2005
  3. 2014
  4. 2010

Correct answer and explanation

Correct answer: 2010

Explanation: āœ… Correct Answer: D) 2010 šŸ“š Explanation: The Government of India formally introduced the 'Maharatna' scheme in 2010 for massive Central Public Sector Enterprises (CPSEs). This prestigious status was created to empower mega-CPSEs to expand their operations and emerge as global giants by granting them enhanced financial and operational autonomy, much greater than the existing 'Navratna' status.