Multiple Choice Questions on Consider the following facts about Bharat Petroleum 1 It has been maintaining average........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

Consider the following facts about Bharat Petroleum 1 It has been maintaining average...........

Economic Affairs Public Sector Enterprises
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    Consider the following facts about Bharat Petroleum:

    1.    It has been maintaining average annual turnover of more than Rs. 25,000 crores during past 3 years.

    2.    Average worth of Bharat Petroleum is more than 15,000 crore in the past 3 years.

    3.    Average annual net profit after tax deduction is more than Rs. 5,000 crore in the last 3 years.

    Which of the following status shall be accorded to Bharat Petroleum?

    Maharatna Company

    Correct Answer

    Navratna Company

    Incorrect Answer

     Miniratna Company

    Incorrect Answer

    It cannot be accorded any status as it failed to prove itself as a company with significant global outreach.

    Incorrect Answer
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    Explanation:

    The Bharat Petroleum is all set to be given Maharatna status because of the three points mentioned in the questions besides a significant global outreach and maintaining prescribed minimum public shareholding limit under SEBI regulations.

    By: Vishal
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