Question

BIFR means.

• A. Board for Industrial and Financial Reconstruction
• B. Board for International and Financial Reconstruction
• C. Board for Industrial and Forex Reconstruction
• D. Board for International and Forex Revival

Answer 1

Answer: (A)

Board for Industrial and Financial Reconstruction

Board for Industrial and Financial Reconstruction $\left(BIFR\right)$ is a board setup by the Government of India, in order to tackle the problem of industrial sickness, under the purview of Sick Industrial Companies (Special Provisions) Act,$1985$ $\left(SICA\right)$.