The Union Budget 2021 announced the privatization of ______ public sector banks and one general insurance company in the upcoming fiscal year 2021-22.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. two.
Privatization Announcement in Union Budget 2021
In the Union Budget for the fiscal year 2021–22, Finance Minister Nirmala Sitharaman announced the government's plan to privatize two public sector banks (PSBs) and one general insurance company. This move is part of a broader strategic disinvestment policy aimed at reducing the government's stake in non-strategic sectors. The government also set a divestment target of ₹1.75 lakh crore for the fiscal year, with ₹1 lakh crore expected to come from the sale of stakes in PSBs and financial institutions.