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Vyomdeep

· started a discussion

· 1 Months ago

Wrong Answer (Question:625278.0)

Answer will be Modern Foods Industries Limited. Please avoid these kinds of mistakes as it create a lot of confusion. When we learn something for the 1st usually that answer is remembered for a long time. So please scrutinise your answer key before publishing as this site is one of the realiable sources and we learn the answer without verifying.

Vikrant Gupta

· started a discussion

· 1 Months ago

wrong answer (Question: 625278.0 )

Answer should be D

Question:
Which of the following was the first govt. company to be privatized in India? 
Options:
A) HMT
B) Maruti Udyog Limited 
C) Rashtriya Chemical & Fertilizers Limited 
D) Modern Foods Industries Limited 
Solution:
Ans : (b)

MFIL was a wholly owned Central Government-owned PSU. It was taken over by Hindustan Lever Limited in January 2000. This was the first privatisation of public sector unit by the government of India. Modern Foods had over 40% of the bread market in India.

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