QUESTION- Prelims-IAS – ECONOMICS MCQ-39
- Under the ‘Direct Benefits Transfer’ or ‘DBT’, the entitled benefit from several schemes of the central government in the form of subsidy, stipend, scholarship or other monetary benefits is directly transferred to the beneficiary’s bank account which will eventually be linked to an ‘Aadhaar’ number. The scheme has been rolled out presently for even the beneficiaries who do not have an Aadhaar number.
- DBT aims to target the beneficiaries accurately and reduce corruption. It will eliminate waste in subsidy transfer.
- Statement 1 is not correct.The disinvestment commission has defined strategic sale: “Strategic disinvestment would imply the sale of substantial portion of the Government shareholding of a central public sector enterprise (CPSE) of upto 50%, or such higher percentage as the competent authority may determine, along with transfer of management control(statement 2 is correct). The idea for strategic sale comes from the government’s policy for a comprehensive approach for efficient management of Government investment in CPSE.
- Statement 3 is correct. The DIPAM (earlier Dept. Of Divestment) works under Finance Ministry and deals with all the matters relating to management of central government investments in equity including disinvestment of equity in central public sector undertakings.
- A term for a sector or business that is in its infancy, but is growing at a rapid pace. A sunrise industry is typically characterized by high growth rates, numerous start-ups and an abundance of venture capital funding. For example, presently, medical tourism is considered a sunrise sector industry in India.
- Cabinet Committee on Economic Affairs (CCEA) is headed by the Prime Minister.
- The minimum support prices are announced by the Government of India at the beginning of the sowing season for certain crops on the basis of the recommendations of the Commission for Agricultural Costs and Prices (CACP).
- Price controls of industrial raw materials and products, industrial licensing policies including industrial licensing cases for establishment of Joint Sector Undertakings, reviewing performance of Public Sector Undertakings including their structural and financial restructuring are also within the purview of CCEA, as are all matters relating to disinvestment including cases of strategic sale, and pricing of Government shares in Public Sector Undertakings.
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