Question : Which organization was established to oversee the process of disinvestment and privatization of public sector enterprises in India?
Option 1: Reserve Bank of India (RBI)
Option 2: Securities and Exchange Board of India (SEBI)
Option 3: Ministry of Finance
Option 4: Department of Disinvestment
Correct Answer: Department of Disinvestment
Solution : The correct answer is (d) Department of Disinvestment.
The Department of Disinvestment (now known as the Department of Investment and Public Asset Management) was set up under the Ministry of Finance in 1999 to facilitate the disinvestment and privatization of public sector enterprises. Its primary role is to advise the government on disinvestment policies and strategies, undertake disinvestment transactions, and manage the process of privatization of public sector enterprises.
