The full form for BIFR, in the context of the Indian Industry is _________.

Board for Investment and Financial Redevelopment

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Bureau for Industrial and Financial Revolution

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Board for Investment and Formal Reconstruction

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Board for Industrial and Financial Reconstruction

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Solution

The correct option is D Board for Industrial and Financial Reconstruction
Board for Industrial and Financial Reconstruction (BIFR): BIFR was established under the Sick Industrial Companies (Special Pro-visions) Act 1985 (SICA). It is an agency of Government of India, part of the Department of Financial services of the Ministry of Finance. Its objective is to determine sickness of industrial companies and to assist in reviewing those that may be viable and shutting down the others.

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Similar questions

What is the main function of Board of Industrial and Financial Reconstruction (BIFR)?

Q1. Consider the following statements:

1. European Bank for Reconstruction and Development (EBRD) is an international financial institution.

2. EBRD is a multilateral developmental investment bank.

3. EBRD uses investment as a tool to build market economies.

Which of the above statements are correct?

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