Maharashtra State PSC Model Paper 3

The correct answer is Only 2.

• Any sector granted 'infrastructure status' by the Department of Economic Affairs under the Ministry of Finance. Hence statement 1 is incorrect.
• The Ministry of Heavy Industries and Public Enterprises comprises of two departments-
  • Department of Heavy Industry
  • Department of Public Enterprises
    • This department allows Ratna Status and 
    • Conduct public enterprises survey
• So, statement 2 is correct.

Financial Ministry comprises of five departments-

• Department of Economic Affairs- This department prepares the budget, manages forex management, inflation, and price control.
• Department of Financial Services- It covers the functioning of banks, FIs, Insurance companies, and Pension System.
• Department of Expenditure- It implements recommendations of the Financial commission and Pays commission.
• Department of Revenue- CBDT and CBIC come under this department.
• Department of Investment and Public Asset Management- It sees the management of the central government including disinvestment in CPSEs.