Multiple choice

National Renewal Fund was constituted with the objective of

  1. Establishment of small units

  2. Renewal of mines

  3. Rehabilitation of workers removed due to modernisation of industries

  4. Modernisation of industries

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

National Renewal Fund was constituted with the objective of rehabilitation of workers removed due to modernisation of industries. The main scope of it is to provide assistance to cover the costs of retraining and redeployment of employees arising as a result of modernisation, technology upgradation and industrial restructuring.