Indian-Economy
General Knowledge

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Q.

The Board of Industrial and Financial Reconstruction (BIFR) came into existence in:

 A.

1975

 B.

1966

 C.

1987

 D.

1999

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Solution:
Option(C) is correct

The BIFR was established under The Sick Industrial Companies (Special Provisions) Act, 1985 (SICA). The board was set up in January 1987 and became functional as of 15 May 1987


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