Q1. HPCL Rajasthan Refinery Ltd. is a joint venture between Hindustan Petroleum Corporation Limited (HPCL) and the Government of Rajasthan with equity participation of:
A 72% and 28%, respectively
B 68% and 32%, respectively
C 56% and 44%, respectively
D 74% and 26%, respectively Correct
Explanation
HPCL Rajasthan Refinery Ltd. is structured with Hindustan Petroleum Corporation Limited holding 74% equity and the Government of Rajasthan holding 26%. That makes 74% and 26% the correct pair in the same order as the question names the partners. The 72% and 28%, 68% and 32%, and 56% and 44% pairs alter the approved shareholding pattern, so they do not represent the joint venture's equity participation.