Multiple choice

National Renewal Fund was constituted with the objective of

  1. renewal of mines

  2. modernisation of industries

  3. establishment of small units

  4. rehabilitation of removed labourers due to modernisation of industries

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The National Renewal Fund was established in 1992 to provide a social safety net for workers who lost their jobs due to industrial modernization and restructuring. Its primary objective was the rehabilitation and retraining of displaced laborers, not renewal of mines, modernization, or establishment of small units.