Question:
The expansion for BIFR, in the context of the Indian Industry is:
The expansion for BIFR, in the context of the Indian Industry is:
Updated On: Aug 21, 2025
- Board for Industrial and Financial Reconstruction
- Bureau for Industrial and Financial Reconstruction
- Board for Investment and Financial Reconstruction
- Bureau for Investment and Financial Reconstruction
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The Correct Option is A
Solution and Explanation
The acronym BIFR stands for "Board for Industrial and Financial Reconstruction". This organization was established under the Sick Industrial Companies (Special Provisions) Act of 1985 by the Government of India. Its primary purpose is to determine the measures that need to be taken when a company is classified as "sick"—meaning the financial position of the company has significantly deteriorated, and it may potentially go through restructuring under specified legal proceedings to assist in its recovery.
In the context of options provided:
In the context of options provided:
- Board for Industrial and Financial Reconstruction: Correct
- Bureau for Industrial and Financial Reconstruction: Incorrect
- Board for Investment and Financial Reconstruction: Incorrect
- Bureau for Investment and Financial Reconstruction: Incorrect
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