1 The central government has missed its disinvestment target almost every year except in four years ...........

Economics- Phase (I & II) Monetary and Fiscal Policy

1. The central government has missed its disinvestment target almost every year, except in four years, from 2000-01 to 2013-14.

2. The government had a disinvestment target of Rs. 58,425 crore in 2014-15 but could not achieve even 50% of the target.

Which of the above statements is/are not correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

Both are correct. It could achieve only Rs.24,338crore, .i.e. 41.66%. Disinvestment can be defined as the action of an organisation (or government) selling or liquidating an asset or subsidiary. It is also referred to as ‘divestment’ or ‘divestiture.’