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With reference to the Department of Investment and Public Asset Management (DIPAM), consider the following statements:
It is a department under the Ministry of Commerce and Industry.
  • It advises the Government in matters of financial restructuring of the Central Public Sector Enterprises.
  • It is the nodal department for all the Central Public Sector Enterprises.
    Which of the statements given above is/are correct?
    • a)
      3 only
    • b)
      2 only
    • c)
      1 and 2 only
    • d)
      2 and 3 only
    Correct answer is option 'B'. Can you explain this answer?
    Most Upvoted Answer
    With reference to the Department of Investment and Public Asset Manag...
    Option b is the correct answer.
    • The Department of Investment and Public Asset Management (DIPAM) is under the control of the Ministry of Finance. The Four major areas of its work related to - Strategic Disinvestment, Minority Stake Sales, Asset Monetization and Capital Restructuring.
    • Statement 1 is incorrect: The Department of Investment and Public Asset Management is a department under the Ministry of Finance. Earlier, there was the Department of Disinvestment, which was one of the Departments under the Ministry of Finance. It was renamed Department of Investment and Public Asset Management (DIPAM) on 14th April, 2016.
    • Statement 2 is correct: As per the present Allocation of Business rules, the mandate of the Department of Investment and Public Asset Management (DIPAM) is as follows:
      • All matters relating to management of Central Government investments in equity including disinvestment of equity in Central Public Sector Undertakings.
      • All matters relating to sale of Central Government equity through offer for sale or private placement or any other mode in the erstwhile Central Public Sector Undertakings.
      • Decisions on the recommendations of Administrative Ministries, NITI Aayog, etc. for disinvestment including strategic disinvestment.
      • Advise the Government in matters of financial restructuring of the Central Public Sector Enterprises and for attracting investment in the said Enterprises through capital market.
      • The Unit Trust of India Act, 1963 (52 of 1963) along with subjects relating to Specified Undertaking of the Unit Trust of India (SUUTI).
    • Statement 3 is incorrect: The Department of Public Enterprises is the nodal department for all the Central Public Sector Enterprises (CPSEs) and formulates policy pertaining to CPSEs. It lays down policy guidelines on performance improvement and evaluation, autonomy and financial delegation and personnel management in CPSEs.
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    With reference to the Department of Investment and Public Asset Management (DIPAM), consider the following statements: It is a department under the Ministry of Commerce and Industry. It advises the Government in matters of financial restructuring of the Central Public Sector Enterprises. It is the nodal department for all the Central Public Sector Enterprises. Which of the statements given above is/are correct?a)3 onlyb)2 onlyc)1 and 2 onlyd)2 and 3 onlyCorrect answer is option 'B'. Can you explain this answer?
    Question Description
    With reference to the Department of Investment and Public Asset Management (DIPAM), consider the following statements: It is a department under the Ministry of Commerce and Industry. It advises the Government in matters of financial restructuring of the Central Public Sector Enterprises. It is the nodal department for all the Central Public Sector Enterprises. Which of the statements given above is/are correct?a)3 onlyb)2 onlyc)1 and 2 onlyd)2 and 3 onlyCorrect answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Department of Investment and Public Asset Management (DIPAM), consider the following statements: It is a department under the Ministry of Commerce and Industry. It advises the Government in matters of financial restructuring of the Central Public Sector Enterprises. It is the nodal department for all the Central Public Sector Enterprises. Which of the statements given above is/are correct?a)3 onlyb)2 onlyc)1 and 2 onlyd)2 and 3 onlyCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Department of Investment and Public Asset Management (DIPAM), consider the following statements: It is a department under the Ministry of Commerce and Industry. It advises the Government in matters of financial restructuring of the Central Public Sector Enterprises. It is the nodal department for all the Central Public Sector Enterprises. Which of the statements given above is/are correct?a)3 onlyb)2 onlyc)1 and 2 onlyd)2 and 3 onlyCorrect answer is option 'B'. Can you explain this answer?.
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