CURRENT AFFAIRS

2021

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The Government of India has accorded which of these statuses to the Power Finance Corporation Ltd (PFC)?

A	Bharatratna
B	Maharatna
C	Navratna
D	Miniratna

Explanation:

Detailed explanation-1: -Govt. of India accorded ‘Maharatna’ status to the state-owned Power Finance Corporation Ltd (PFC), thus giving PFC greater operational and financial autonomy.

Detailed explanation-2: -PFC is under the administrative control of the Ministry of Power. PFC was conferred the title of a ‘Maharatna CPSE’ in Oct., 2021, and was classified as an Infrastructure Finance Company by the RBI on 28th July, 2010. PFC plays a crucial role in the rise of India as a global player.

Detailed explanation-3: -Recently, the government has accorded the ‘Maharatna’ status to state-owned Power Finance Corporation (PFC). An order to this effect was issued by the Department of Public Enterprises, under the Ministry of Finance.

Detailed explanation-4: -Maharatna Status to Power Finance Corporation Central Government has given “Maharatna” status to Power Finance Corporation (PFC). PFC has become the 11th state-owned entity in India to enter the Maharatna category.

There is 1 question to complete.