UPSSSC PET 2022 (16 Oct Shift 2)
A government company is any company in which the paid up capital held by the government is not less than :
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Answer: Option A — 51 percent
Detailed Solution
Under Section 2(45) of the Companies Act, 2013, a government company is one in which at least 51 percent of the paid-up capital is held by the Central Government, a State Government or both. At 50 or 49 percent the government does not hold a majority.
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PSUs, Navratnas & Maharatnas — UPSSSC PET Preparation
This question tests your understanding of PSUs, Navratnas & Maharatnas, a key topic in the UPSSSC PET General Knowledge section. The detailed solution above uses a step-by-step approach to show the reasoning, and where available, a shortcut that helps you solve similar questions in under 90 seconds during the actual exam.
This topic covers public sector undertakings in India, the Maharatna, Navratna and Miniratna categories and the criteria for each, major PSUs and their headquarters, and disinvestment policy. Questions often ask which companies hold Maharatna or Navratna status, what the criteria are, and where a PSU is headquartered. The list of companies with each status changes when new companies are upgraded, so check the latest list from the Department of Public Enterprises before your exam. Practise the PSUs, Navratnas and Maharatnas questions below, written in the style of the general awareness sections of exams such as SSC, banking, railways, CUET GAT, MAH CET and CLAT. Each question comes with a detailed explanation that adds related facts, so every question helps you revise more than one point.