Question

IRBI-Industrial Reconstruction Bank of India was established in___________.

• A. $1971$
• B. $1985$
• C. $1990$
• D. $1992$

Answer 1

The correct option is A $1971$

The Government of India set up the Industrial Reconstruction Corporation of India (IRCI) in April 1971, under the Indian Companies Act, mainly to look after special problems of sick units’ and provide assistance for their speedy reconstruction and rehabilitation, if necessary, by undertaking the management of the units and developing infrastructure facilities like those of transport, marketing etc.