Rural Electrification Corporation - Current Affairs Questions and Answers

1)   Name the corporation that became the first public sector undertaking (PSU) to hit the market in fiscal year 2015-16 with its disinvestment taking place on 8 April 2015?

a. Urban Electrification Corporation
b. Rural Electrification Corporation
c. Domestic Electrification Corporation
d. Metro Electrification Corporation
Answer  Explanation 

ANSWER: Rural Electrification Corporation

Explanation:
The Rs 1,550-crore share sale in Rural Electrification Corporation (REC) was subscribed more than 5.5 times thanks to demand from domestic institutions and investors.