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| 1. What are Public Sector Undertakings (PSUs) in India? |  |
Ans. Public Sector Undertakings (PSUs) are government-owned corporations or companies in India, established to undertake commercial activities on behalf of the government. These organizations are created to promote economic development, generate employment, and ensure the availability of essential goods and services to the public.
| 2. How do PSUs contribute to the Indian economy? | |
Ans. PSUs play a significant role in the Indian economy by contributing to GDP, providing employment, and enhancing the infrastructure of the country. They also support the government in poverty alleviation, regional development, and the provision of public services, thus acting as a stabilizing force in the economy.
| 3. What are the types of PSUs in India? | |
Ans. PSUs in India can be classified into two main categories: Central Public Sector Enterprises (CPSEs) and State Public Sector Enterprises (SPSEs). CPSEs are owned by the central government, while SPSEs are owned by state governments. Additionally, they can be classified based on their ownership stake - Maharatna, Navratna, and Miniratna based on their scale and financial performance.
| 4. What is the role of PSUs in the UPSC examination? | |
Ans. PSUs are relevant in the UPSC examination as they are a part of the general studies syllabus. Candidates may encounter questions related to their functioning, importance, and impact on the economy. Understanding PSUs can also help in interviews, especially for candidates aiming for roles in public administration.
| 5. How can candidates prepare for questions related to PSUs in the UPSC exam? | |
Ans. Candidates can prepare for questions related to PSUs by studying their structure, functions, and significance in the Indian economy. Reading government reports, economic surveys, and current affairs related to PSUs will also be beneficial. Additionally, candidates should practice previous years' question papers and take mock tests focused on public sector undertakings.
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