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The term 'Maharatna' in the context of Indian Central Public Sector Enterprises (CPSEs) refers to:

1. Companies that are being prepared for total privatization
2. Companies granted maximum financial and operational autonomy
3. Small-scale industries in the textile sector
4. Firms that operate exclusively in rural welfare

Correct answer: Companies granted maximum financial and operational autonomy

Solution

Maharatna is a status granted to eligible CPSEs to give them greater financial and operational autonomy. It is meant for large, high-performing public sector companies.

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