Q. The boards of which of the following category Public Sector companies will have powers for equity investment to establish joint ventures and wholly owned subsidiaries in India and abroad?
Answer: Both Maharatna & Navratna
Notes: The correct answer is "Both Maharatna & Navratna." Maharatna and Navratna are categories of public sector enterprises in India, designated by the Government of India. Maharatna companies, like ONGC and Indian Oil, have greater financial autonomy, allowing them to invest up to ₹5,000 crore in a project without government approval. Navratna companies, such as BHEL and Hindustan Aeronautics Limited, also have important investment powers, but with a limit of ₹1,000 crore. Both categories can establish joint ventures and subsidiaries, enhancing their operational flexibility and global competitiveness.