Consider the following statements:1. The Department of Public Enterprises (DPE) is reallocated to the Finance Ministry from the Ministry of Heavy Industries.2. The Department of Investment and Public Asset Management (DIPAM) is one of the six departments of the Finance Ministry.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?

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Consider the following statements:

1. The Department of Public Enterprises (DPE) is reallocated to the Finance Ministry from the Ministry of Heavy Industries.

2. The Department of Investment and Public Asset Management (DIPAM) is one of the six departments of the Finance Ministry.

Which of the statements given above is/are correct?

a)
1 only
b)
2 only
c)
Both 1 and 2
d)
Neither 1 nor 2

Correct answer is option 'C'. Can you explain this answer?

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Daily Current Affairs MCQ - July 9, 2021

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Consider the following statements:1. The Department of Public Enterpri...

Recently, the government reallocated the Department of Public Enterprises (DPE) to the finance ministry from the ministry of heavy industries. Hence, statement 1 is correct.
The Finance Ministry will now have six departments while DPE's parent ministry, the Ministry of Heavy Industries and Public Enterprises will now be called the Ministry of Heavy Industries.
- It is the nodal department for all the Central Public Sector Enterprises (CPSEs).
- It lays down, in particular, policy guidelines on performance improvement and evaluation, autonomy and financial delegation and personnel management in CPSEs.
- It furthermore collects and maintains information in the form of a Public Enterprises Survey on several areas in respect of CPSEs.
The DPE will now be the sixth department in the finance ministry besides economic affairs, revenue, expenditure, financial services and Department of Investment and Public Asset Management (DIPAM). Hence, statement 2 is correct.
The shift of DPE to the Finance Ministry will help in efficient monitoring of the capital expenditure, asset monetisation and financial health of the CPSEs.

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Consider the following statements:1. The Department of Public Enterprises (DPE) is reallocated to the Finance Ministry from the Ministry of Heavy Industries.2. The Department of Investment and Public Asset Management (DIPAM) is one of the six departments of the Finance Ministry.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?

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