IAS Prelims 2018 - All India Test

current affairs

 Which of the following statements mentioned below are true?
i. The Union Government of India gave the Maharatna status to three PSUs- BHEL, AAI and GAIL on 1 February 2013. Granting Maharatna status to BHEL, AAI and GAIL will provide them with better functional and financial freedom and will also guarantee them with better valuation of the shares.
ii. Enforcement Directorate issued a penalty notice to IPL team Rajasthan Royals for violation of Forex Laws. The penalty notice was issued after investigating the matter for 2 years under the Foreign Exchange Management Act (FEMA).
iii. Maharatna firm has a capacity to take investment decision of around 10000 crore Rupees without taking assistance from the government. On the other hand, forms with Navratna status have this capability of 5000 crore Rupees.
iv. The Cabinet Committee on Economic Affairs (CCEA) in February 2013 gave its principle approval for the price pooling mechanism of coal. The mechanism includes cost blending of the domestic coal with the imported one to counterbalance price hike.


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IAS Prelims 2018 - All India Test