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With reference to the Miniratna Category-I status, consider the following statements:
- It is given to those Central Public Sector enterprises whose pre-tax profit is Rs.30 crores or more in at least one of the last three years.
- Solar Energy Corporation of India Limited is a Miniratna Category-I enterprise.
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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Most Upvoted Answer
With reference to the Miniratna Category-I status, consider the follow...
The correct answer is option 'C' - Both 1 and 2.
Explanation:
Miniratna Category-I is a status given to certain Central Public Sector Enterprises (CPSEs) in India. To qualify for this status, the CPSE must meet certain criteria, including the pre-tax profit requirement.
Statement 1: It is given to those Central Public Sector enterprises whose pre-tax profit is Rs.30 crores or more in at least one of the last three years.
This statement is correct. To be eligible for Miniratna Category-I status, a CPSE must have a pre-tax profit of Rs.30 crores or more in at least one of the last three years. This criterion ensures that the enterprise is financially stable and has a consistent track record of profitability.
Statement 2: Solar Energy Corporation of India Limited is a Miniratna Category-I enterprise.
This statement is also correct. The Solar Energy Corporation of India Limited (SECI) is indeed a Miniratna Category-I enterprise. SECI is a CPSE under the administrative control of the Ministry of New and Renewable Energy. It is responsible for the development of solar power projects and the implementation of the National Solar Mission in India. SECI's status as a Miniratna Category-I enterprise signifies its financial strength and its significant contribution to the renewable energy sector in the country.
In conclusion, both statements are correct. Miniratna Category-I status is given to CPSEs that meet the pre-tax profit criterion, and the Solar Energy Corporation of India Limited is one such enterprise.
Explanation:
Miniratna Category-I is a status given to certain Central Public Sector Enterprises (CPSEs) in India. To qualify for this status, the CPSE must meet certain criteria, including the pre-tax profit requirement.
Statement 1: It is given to those Central Public Sector enterprises whose pre-tax profit is Rs.30 crores or more in at least one of the last three years.
This statement is correct. To be eligible for Miniratna Category-I status, a CPSE must have a pre-tax profit of Rs.30 crores or more in at least one of the last three years. This criterion ensures that the enterprise is financially stable and has a consistent track record of profitability.
Statement 2: Solar Energy Corporation of India Limited is a Miniratna Category-I enterprise.
This statement is also correct. The Solar Energy Corporation of India Limited (SECI) is indeed a Miniratna Category-I enterprise. SECI is a CPSE under the administrative control of the Ministry of New and Renewable Energy. It is responsible for the development of solar power projects and the implementation of the National Solar Mission in India. SECI's status as a Miniratna Category-I enterprise signifies its financial strength and its significant contribution to the renewable energy sector in the country.
In conclusion, both statements are correct. Miniratna Category-I status is given to CPSEs that meet the pre-tax profit criterion, and the Solar Energy Corporation of India Limited is one such enterprise.
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With reference to the Miniratna Category-I status, consider the follow...
Recently, the Solar Energy Corporation of India Limited (SECI) has been accorded the status of Miniratna Category-I Central Public Sector Enterprise (CPSE).
- It is the primary implementing agency of the Ministry of New and Renewable Energy, Govt. of India for Renewable Energy schemes/projects.
- It was established in the year 2011.
- It has awarded Renewable Energy (RE) project capacities of over 56 GW.
- It enjoys the highest credit rating of AAA by ICRA.
- Criteria for grant of Miniratna status to CPSEs
- Miniratna Category-I status: The CPSEs which have made a profit in the last three years continuously, with a pre-tax profit is Rs.30 crores or more in at least one of the three years and have a positive net worth are eligible to be considered for grant of Miniratna-I status.
- Miniratna Category-II status: The CPSEs which have made a profit for the last three years continuously and have a positive net worth are eligible to be considered for grant of Miniratna-II status.
- Miniratna CPSEs should have not defaulted in the repayment of loans/interest payments on any loans due to the Government.
- Miniratna CPSEs shall not depend upon budgetary support or Government guarantees.
Hence both statements are correct
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With reference to the Miniratna Category-I status, consider the following statements: It is given to those Central Public Sector enterprises whose pre-tax profit is Rs.30 crores or more in at least one of the last three years. Solar Energy Corporation of India Limited is a Miniratna Category-I enterprise.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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With reference to the Miniratna Category-I status, consider the following statements: It is given to those Central Public Sector enterprises whose pre-tax profit is Rs.30 crores or more in at least one of the last three years. Solar Energy Corporation of India Limited is a Miniratna Category-I enterprise.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? 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 Miniratna Category-I status, consider the following statements: It is given to those Central Public Sector enterprises whose pre-tax profit is Rs.30 crores or more in at least one of the last three years. Solar Energy Corporation of India Limited is a Miniratna Category-I enterprise.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? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Miniratna Category-I status, consider the following statements: It is given to those Central Public Sector enterprises whose pre-tax profit is Rs.30 crores or more in at least one of the last three years. Solar Energy Corporation of India Limited is a Miniratna Category-I enterprise.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?.
With reference to the Miniratna Category-I status, consider the following statements: It is given to those Central Public Sector enterprises whose pre-tax profit is Rs.30 crores or more in at least one of the last three years. Solar Energy Corporation of India Limited is a Miniratna Category-I enterprise.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? 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 Miniratna Category-I status, consider the following statements: It is given to those Central Public Sector enterprises whose pre-tax profit is Rs.30 crores or more in at least one of the last three years. Solar Energy Corporation of India Limited is a Miniratna Category-I enterprise.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? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Miniratna Category-I status, consider the following statements: It is given to those Central Public Sector enterprises whose pre-tax profit is Rs.30 crores or more in at least one of the last three years. Solar Energy Corporation of India Limited is a Miniratna Category-I enterprise.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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