Question : The system of "Memorandum of understanding" (MOU) was introduced in
Option 1: 1989-90
Option 2: 1990-91
Option 3: 1987-88
Option 4: 1988-89
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Correct Answer: 1987-88
Solution : The correct option is 1987-88
The Memorandum of Understanding (MOU) system was implemented in Indian Public Sector Enterprises in the fiscal year 1987-88. This introduction was following the recommendations of the Arjuna Sengupta Committee report of 1984.
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