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:
Show Hint
Think about which government body handled sick industrial companies in India and whether it was called a Board or a Bureau.
Updated On: Jul 14, 2026
- 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
BIFR is a well known abbreviation used in Indian industrial policy, so let's check each option word by word.
- Board for Industrial and Financial Reconstruction: BIFR was set up under the Sick Industrial Companies Act, 1985, as a Board, not a Bureau, and it deals with industrial and financial reconstruction of sick companies, so every word matches.
- Bureau for Industrial and Financial Reconstruction: This swaps Board for Bureau. BIFR was a statutory Board with a Chairman and members, so calling it a Bureau is wrong.
- Board for Investment and Financial Reconstruction: This swaps Industrial for Investment. The body deals with industrial sickness, not investment activity, so this option is wrong.
- Bureau for Investment and Financial Reconstruction: This option gets both words wrong, Bureau instead of Board and Investment instead of Industrial.
The full and correct expansion is Board for Industrial and Financial Reconstruction, so option A is correct.
Let's summarize:
- BIFR stands for Board for Industrial and Financial Reconstruction, the body that handled sick industrial companies in India.
So the answer is option A.
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