Test: Government Industrial Undertakings - UPSC MCQ

A Government Industrial Undertaking refers to a company owned and operated by the government, which is involved in industrial and commercial activities.

The primary aim of Government Industrial Undertakings is to promote industrial growth, boost economic development, and contribute to the overall welfare of the nation.

BHEL is an example of a Government Industrial Undertaking in India, engaged in the manufacturing of heavy electrical equipment.

Government Industrial Undertakings are involved in manufacturing various goods and providing a wide range of services in different sectors.

Government Industrial Undertakings are funded through budgetary allocations from the government and generate revenue through their operations.

The Department of Public Enterprises (DPE) is responsible for overseeing the functioning of Government Industrial Undertakings in India.

Privatization is the process of transferring ownership and management of Government Industrial Undertakings to private entities.

Government Industrial Undertakings often prioritize social welfare and equitable distribution of resources over maximizing profits.

The concept of Government Industrial Undertakings was introduced during the Second Five Year Plan in India.

Government Industrial Undertakings borrow funds from the market by selling bonds, a process known as deficit financing.

Government Industrial Undertakings are a subset of Public Sector Units (PSUs) as they fall under the broader category of government-owned entities.

Disinvestment refers to the government's plan of selling a portion of its ownership in Government Industrial Undertakings to private investors.

Government Industrial Undertakings are not commonly associated with the banking and finance sector.

Maharatna, Navratna, and Miniratna are categories used to classify Government Industrial Undertakings based on their financial performance and size.

The Board of Directors in a Government Industrial Undertaking is responsible for implementing government policies and guiding the company's operations accordingly.

Article 39 of the Indian Constitution empowers the government to undertake industries and control them in the interest of the nation's welfare.

Government Industrial Undertakings aim to generate employment opportunities and contribute to the overall economic development of the country.

HAL is a successful example of a Government Industrial Undertaking that has excelled in the global aerospace market.

Corporatization is the process of converting a government department or entity into a separate corporate body like a Government Industrial Undertaking.

The Rangarajan Committee recommended the establishment of Maharatna, Navratna, and Miniratna categories for Government Industrial Undertakings.