Question:easy
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
Show Solution
The Correct Option is A
Solution and Explanation
Step 1: Break the abbreviation into its four letters.
BIFR has four letters, B, I, F, R, and each one stands for one word in the full name.
Step 2: Recall what the body actually does.
This body was created to identify industrially sick companies and work out a financial reconstruction plan for them, under a law passed in 1985.
Step 3: Assign each letter its word.
B stands for Board, since it functioned as a statutory board with a chairman and members. I stands for Industrial, because it deals with industrial companies. F stands for Financial, and R stands for Reconstruction, since its job was reconstructing the finances of sick units.
Final Answer:
Putting the four words together gives Board for Industrial and Financial Reconstruction. \[ \boxed{\text{Board for Industrial and Financial Reconstruction}} \]
BIFR has four letters, B, I, F, R, and each one stands for one word in the full name.
Step 2: Recall what the body actually does.
This body was created to identify industrially sick companies and work out a financial reconstruction plan for them, under a law passed in 1985.
Step 3: Assign each letter its word.
B stands for Board, since it functioned as a statutory board with a chairman and members. I stands for Industrial, because it deals with industrial companies. F stands for Financial, and R stands for Reconstruction, since its job was reconstructing the finances of sick units.
Final Answer:
Putting the four words together gives Board for Industrial and Financial Reconstruction. \[ \boxed{\text{Board for Industrial and Financial Reconstruction}} \]
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