Question

As per New Industrial Policy, 1991, the following were referred to Board of Industrial and Financial Reconstruction.

• A. Sick Private Sector Units
• B. Sick Public Sector Units
• C. Developed Private Sector Units
• D. Developed Public Sector Units

Answer 1

Answer: (B)

Sick Public Sector Units

As per New Industrial Policy, 1991, Sick public sector units were referred to Board of Industrial and Financial Reconstruction. If a public sector unit is making losses continuously and is declared sick, it is referred to the Board for Industrial and Financial Reconstruction (BIFR) for complete overhauling or shut down.