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SSC CGL 2022 PYQ — Question 32

SSC CGL - 21 April 2022 - Shift 2 • General Awareness • Q32

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As per the provisions of Union Budget 2021-22, how many public sector banks have been
lined up for disinvestment? 
 

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Correct answer: C

Explanation

The correct answer is option 3 i.e. Two

  • As per the provisions of Union Budget 2021-22, two sector banks and one general insurance company have been lined up for disinvestment.

  • The government will introduce legislative amendments to privatise these banks. Of the Rs 1.75 trillion divestment target set for the next fiscal, the government expects Rs 1 trillion to come from divestment of its stake in PSBs and financial institutions.