Question : How many Miniratna companies are there in Category II?
Option 1: 17
Option 2: 15
Option 3: 13
Option 4: 16
Correct Answer: 15
Solution : The correct option is 15
There are two categories for Indian miniratna companies: Category I and Category II . Companies eligible for II mini Ratna status must have a positive net worth and have generated profits for the past three years. There are 15 such businesses in total. Minivans falling under Category II are permitted to invest up to Rs. 300 crore or 50% of their net worth in capital projects without needing permission from the government.
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