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Question : The National Renewal Fund (NRF) was instituted for:

Option 1: rural reconstruction

Option 2: social security

Option 3: providing pensions for retired employees

Option 4: restructuring and modernisation of industries


Team Careers360 3rd Jan, 2024
Answer (1)
Team Careers360 15th Jan, 2024

Correct Answer: social security


Solution : The correct answer is social security.

The National Renewal Fund (NRF) was set up in 1992 in India to address the employment and retraining needs arising from economic liberalisation and structural reforms. Its main goal was to assist workers facing potential job displacement due to changes in industries. It played a crucial role in lessening the social impact of economic reforms and aiding the shift towards a more competitive and open economy.

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