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Question
Which of the following describes the role of BIFR (Board for Industrial and Financial Reconstruction)?
Options
It manages all profitable PSU operations nationally
It provides loans exclusively to private companies
Sick enterprises are referred here for revival or winding up
It directly owns and operates all government enterprises
MCQ
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Solution
BIFR is a privatisation measure that handles sick or loss-making enterprises. Enterprises referred to BIFR are assessed for either revival through restructuring or winding up if recovery is not feasible.
shaalaa.com
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