UPSC Prelims Practice Questions — M/s. Skymap Pharmaceuticals Private Ltd. is approved as Strategic Buyer for disinvestment of Indian Medicines Pharmaceutical Corporation Limited (IMPCL), a CPSE under the administrative control of M/o AYUSH

Q1. The highest bid of M/s. Skymap Pharmaceuticals for the entire equity of IMPCL was finally approved by which one of the following bodies?

  • A. NITI Aayog
  • B. The Alternative Mechanism (empowered Group of Ministers)
  • C. The Core Group of Secretaries on Disinvestment
  • D. The Public Investment Board

Q2. The Alternative Mechanism that decides strategic disinvestment cases such as IMPCL's is composed of how many Union Ministers?

  • A. Two
  • B. Three
  • C. Four
  • D. Five

Q3. Which one of the following is the nodal department that carries out the strategic disinvestment of a Central Public Sector Enterprise such as IMPCL?

  • A. Department of Investment and Public Asset Management (DIPAM), Ministry of Finance
  • B. Department of Public Enterprises, Ministry of Finance
  • C. Department of Economic Affairs, Ministry of Finance
  • D. NITI Aayog

Q4. IMPCL, the only Central Public Sector Enterprise manufacturing Ayurvedic and Unani medicines, functions under the administrative control of which one of the following Ministries?

  • A. Ministry of Health and Family Welfare
  • B. Ministry of AYUSH
  • C. Ministry of Chemicals and Fertilizers (Department of Pharmaceuticals)
  • D. Ministry of Micro, Small and Medium Enterprises

Q5. In the context of IMPCL's disinvestment, the term 'Central Public Sector Enterprise (CPSE)' is best defined as which one of the following?

  • A. A company in which the direct holding of the Central Government (or of other CPSEs) is 51% or more of the paid-up share capital
  • B. Any company registered under the Companies Act in which the Government holds any amount of equity
  • C. A company jointly and equally owned by the Central and State Governments
  • D. A statutory corporation established by a special Act of Parliament

Q6. Which one of the following is the first Central Public Sector Enterprise under the Ministry of AYUSH to undergo strategic disinvestment?

  • A. Pawan Hans Limited
  • B. Indian Medicines Pharmaceutical Corporation Limited
  • C. Neelachal Ispat Nigam Limited
  • D. HLL Lifecare Limited

Q7. The development of pharmacopoeial (quality) standards for Ayurvedic and Unani drugs in India is carried out by which one of the following bodies?

  • A. Indian Pharmacopoeia Commission (IPC)
  • B. Pharmacopoeia Commission for Indian Medicine and Homoeopathy (PCIM&H)
  • C. Central Council for Research in Ayurvedic Sciences (CCRAS)
  • D. National Commission for Indian System of Medicine (NCISM)