CH4-ICA-Importance of MOU for SAIL

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Questions and Answers

What was the main purpose of the Memorandum of Understanding (MOU) between SAIL and the Ministry of Steel?

  • To provide financial assistance to SAIL
  • To oversee SAIL's international operations
  • To establish SAIL as a private sector company
  • To measure SAIL's performance against predetermined targets (correct)

When did SAIL enter into its first Memorandum of Understanding (MOU)?

  • In 2000
  • In 1995
  • In 1990
  • In 1987-88 (correct)

Who finalizes the Memorandum of Understanding (MoU) in respect to SAIL?

  • Ministry of Finance
  • Department of Public Enterprises [DPE] (correct)
  • Department of Steel
  • SAIL's Board of Directors

What is the significance of the parameters included in the MoU process?

<p>They reflect the shareholders' interests in terms of growth and performance (C)</p> Signup and view all the answers

What does the MOU enable SAIL to do within the framework set by the Government?

<p>Operate as an efficient public sector commercial enterprise (D)</p> Signup and view all the answers

Who may evaluate the targets set for SAIL's subsidiary according to the text?

<p>SAIL on the same principles as DPE for SAIL (A)</p> Signup and view all the answers

What does the Memorandum of Understanding (MoU) aim to improve within SAIL according to the text?

<p><strong>Critical Performance Indicators</strong> (D)</p> Signup and view all the answers

What factors are considered for indexing the parameters of CPSEs?

<p>Past performance and future projections (D)</p> Signup and view all the answers

What is the purpose of the digital dashboard developed by DPE?

<p>To evaluate CPSEs against benchmarked targets (B)</p> Signup and view all the answers

What would result in the deduction of full marks for CPSEs?

<p>Non-compliance with certain government priorities/programmes (C)</p> Signup and view all the answers

How are the scores calculated for CPSEs against benchmarked targets?

<p>Automatically based on audited balance sheet data (A)</p> Signup and view all the answers

What happens to MoU agreements in case of changes in MoU exchange rate or raw material prices?

<p>No adjustment is made to MoU agreements (B)</p> Signup and view all the answers

What role does the vision of the Administrative Ministry play in benchmarking?

<p>It is considered for benchmarking purposes (C)</p> Signup and view all the answers

What types of activities could lead to compliance issues for CPSEs?

<p>Non-implementation of CSR and procurement from MSEs (C)</p> Signup and view all the answers

What is the minimum percentage of targets that must be achieved to receive proportional marks?

<p>50% (D)</p> Signup and view all the answers

What happens to the score if there are non-compliances with certain government priorities/programmes?

<p>Full marks are deducted (C)</p> Signup and view all the answers

How is the final aggregate score calculated?

<p>Marks towards non-compliance are deducted from the aggregated score (C)</p> Signup and view all the answers

What is the minimum MoU score required to receive a '>=33' rating?

<p>33 (C)</p> Signup and view all the answers

How are the scores on all parameters calculated to arrive at the aggregate score?

<p>All parameter scores are added (B)</p> Signup and view all the answers

Which of the following statements is true regarding the allocation of marks for each parameter?

<p>All parameters receive proportional marks (C)</p> Signup and view all the answers

What is the consequence of non-compliance with certain government priorities/programmes by SAIL?

<p>Full marks are deducted (B)</p> Signup and view all the answers

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