Question 1

What is PSU full form and meaning?

Accepted Answer

PSU full form is Public Sector Undertaking. These are government-owned commercial enterprises that operate in various sectors like oil, banking, railways, and telecommunications to serve public interest while generating revenue.

Question 2

Which is the biggest PSU in India by revenue?

Accepted Answer

Indian Oil Corporation Limited (IOCL) is the biggest PSU in India, with an annual turnover exceeding u20b98 lakh crores. It holds Maharatna status and operates extensive refinery networks nationwide.

Question 3

How to get PSU jobs after engineering?

Accepted Answer

PSU jobs for engineers are primarily through GATE scores. Major PSUs like ONGC, NTPC, and IOCL recruit via GATE counseling. Maintain a good GATE rank and academic records for better opportunities.

Question 4

What is the salary structure in PSUs?

Accepted Answer

The PSU salary structure follows the 7th Pay Commission recommendations. Entry-level graduates earn u20b950,000-80,000 monthly basic pay plus allowances, totaling u20b970,000-120,000 in-hand salary with comprehensive benefits.

Question 5

What are Navratna and Maharatna PSUs?

Accepted Answer

Navratna PSUs can invest up to u20b91,000 crores independently, while Maharatna PSUs have u20b95,000 crores of investment autonomy. These classifications provide operational flexibility based on financial performance.

Question 6

Which PSU has the highest salary package?

Accepted Answer

Oil sector Maharatna PSUs like ONGC, IOCL offer the highest packages. Senior positions earn u20b925-40 lakhs annually, including allowances, bonuses, and comprehensive benefits like housing and medical coverage.

Question 7

Are PSU jobs better than the private sector?

Accepted Answer

PSU jobs offer superior job security, work-life balance, pension benefits, and medical coverage. The private sector may provide higher initial salaries, but PSUs ensure long-term financial stability.

Question 8

How many PSUs are there in India?

Accepted Answer

India has over 300 Central PSUs and numerous State PSUs across sectors. Major ones include railways, banking, oil, steel, telecommunications, and defense manufacturing companies.

Question 9

What is the retirement age in PSUs?

Accepted Answer

PSU retirement age is typically 60 years for most positions and 58-62 years for senior management roles. Employees receive pension, gratuity, and provident fund benefits post-retirement.

Question 10

Which PSU recruits the most employees annually?

Accepted Answer

Indian Railways recruits the most employees among PSUs, hiring lakhs annually through RRB exams. Banking PSUs like SBI also conduct large-scale recruitment for various officer and clerk positions.

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Public Sector Undertakings (PSU) in India – Everything You Need to Know

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