Multiple choice

The National Renewal Fund was created with a view to

  1. provide assistance to chronically sick industrial units

  2. provide retraining to those retiring under the Voluntary Retirement Scheme

  3. provide social benefits to the elderly

  4. provide financial assistance to poor farmers for upgradation of farm equipment
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The National Renewal Fund (NRF) was established in 1992 to provide safety net measures for workers affected by industrial restructuring, particularly retraining and rehabilitation for those taking voluntary retirement from sick PSUs. It was not for sick units directly, elderly benefits, or farmers.

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