Official Answer Key & Detailed Solution
Ready to check the official UPSC Answer Key?
Click any option above to test yourself under exam conditions, or reveal the explanation directly.
Correct Answer: Option (B) — Both 1 and 2
Concept & Option Breakdown
Standard Reference Verified• Statement 1 and Statement 2 are both correct: The National Renewal Fund (NRF) was established in February 1992 as a safety net during the New Economic Policy (1991). Its objectives included providing compensation/assistance to workers affected by industrial restructuring or voluntary retirement schemes (VRS), as well as retraining, counselling, and redeployment.
Practice Full-Length & Sectional Prelims Mocks on this Interface
50 simulated tests in the APT Prelims Test Series (₹1,493) or 1-on-1 Mentorship with Avinash Sir.