Andrew Yule & Co. Ltd., became a public sector enterprise in _____.
Show answer & explanation
Correct answer: A
Explanation
Correct Answer:
Option 1: 1979
Explanation:
Andrew Yule & Company Limited became a Public Sector Undertaking (PSU) under the Government of India in 1979. The company was originally established in 1863 as a private trading entity. After independence, the government gradually brought its management under its control, and eventually, in 1979, it was fully incorporated into the public sector.
Additional Facts:
Option 1: Correct answer.
Option 2: 1989 is incorrect.
Option 3: 1991 was the year of economic reforms.
Option 4: 1959 is unrelated.
Potential Questions for Upcoming Exams:
Question: What is a PSU?
Answer: A government company.
Question: When did economic liberalization take place in India?
Answer: 1991.
Question: What is BHEL?
Answer: A Public Sector Undertaking.
Question: Which was India's first PSU?
Answer: HAL.