Acme Ai
A
अ
Question No. 319Interactive Test Mode
00:00
+2-0.66

Q319. Consider the following statements: The objectives of the National Renewal Fund set up in February 1992 were: (2002) 1. To give training and counselling for workers affected by retrenchment or VRS 2. Redeployment of workers Which of these statements is/are correct?

Consider the following statements: The objectives of the National Renewal Fund set up in February 1992 were: (2002)

  1. To give training and counselling for workers affected by retrenchment or VRS
  2. Redeployment of workers Which of these statements is/are correct?
Select the correct option below (or cross out options to eliminate)

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.

Official UPSC Answer KeyUPSC Prelims 2002 • General Knowledge (1995-2010)

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.

Reviewed by Avinash Sir & Acme AI Research Team

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.

Question Specifications & Syllabus Mapping

Examination & YearUPSC Civil Services Preliminary Examination 2002 (Q319)
Paper & Marking SchemeGS Paper I • 2 Marks (-0.66 Negative for incorrect response)
Syllabus Subject & TopicGeneral Knowledge (1995-2010) → Miscellaneous
Official Answer KeyOption (B) — Both 1 and 2

Related & Repeated Prelims PYQs (8)

Questions from other UPSC Prelims years testing the same or closely linked concept.

View Cluster in 3D Graph
1999 • Q10488% Match

Which one of the following is the objective of National Renewal Fund?

Indian Economy • Indian Economic Planning & GrowthSolve
2011 • Q13382% Match

Why is the Government of India disinvesting its equity in the Central Public Sector Enterprises (CPSEs)? 1. The Government intends to use the revenue earned fro

Indian Economy • Indian Economic Planning & GrowthSolve
2003 • Q44382% Match

Consider the following statements: 1. India’s Import of crude and petroleum products during the year 2001-02 accounted for about 27% of India’s total imports. 2

General Knowledge (1995-2010) • MiscellaneousSolve
2003 • Q43981% Match

Consider the following statements: 1. In the last five years, Indian software exports have increased at a compound annual growth rate of about 60% 2. The softwa

General Knowledge (1995-2010) • MiscellaneousSolve
2009 • Q8581% Match

Consider the following statements: 1. MMTC Limited is India’s largest international trading organization. 2. Neelachal Ispat Nigam Limited has been set up by MM

Indian Economy • Indian Economic Planning & GrowthSolve
2010 • Q35980% Match

With reference to the National Rehabilitation and Resettlement Policy, 2007, consider the following statements: 1. This policy is applicable only to the persons

General Knowledge (1995-2010) • MiscellaneousSolve
2003 • Q44080% Match

With reference to Government of India’s decision regarding Foreign Direct Investment (FDI) during the year 2001-02 consider the following statements: 1. Out of

General Knowledge (1995-2010) • MiscellaneousSolve
2002 • Q31780% Match

Consider the following statements: (2002) 1. NTPC is the largest power utility in India 2. ONGC accounts for half of the LPG production of India 3. Indian Oil C

General Knowledge (1995-2010) • MiscellaneousSolve

Frequently Asked Questions — UPSC Prelims 2002 Q319

What is the official answer for UPSC Prelims 2002 GS Paper I Question 319 (General Knowledge (1995-2010))?

The official UPSC answer key for this 2002 General Knowledge (1995-2010) (Miscellaneous) question is Option (B): "Both 1 and 2". Correct attempts carry 2 Marks with -0.66 Negative penalty for wrong answers.

Which UPSC Prelims syllabus topic does this 2002 question belong to?

This question belongs to GS Paper I under the subject "General Knowledge (1995-2010)" and micro-topic "Miscellaneous". You can explore all repeated questions from Miscellaneous in Acme AI's 3D Prelims PYQ Realm or practice 50 full-length and sectional tests in the APT Prelims Test Series.

How can I solve this Miscellaneous UPSC Prelims question using option elimination?

To solve Miscellaneous questions in UPSC Prelims, identify extreme modifiers, verify core NCERT conceptual definitions, and eliminate mutually contradictory statement pairs before locking your final option.

Beyond Previous Year Questions

Structured Prelims Practice & Mentorship

Pair previous year question analysis with full-length simulated mock tests and 1-on-1 faculty guidance.

APT 2027 • 50 Prelims Tests17% OFF

Acme Prelims Test Series (APT)

Built to eliminate 1/3rd negative marking losses and 50–50 option traps through structured simulation and NCERT-backed keys.

  • 50 High-Yield Tests: Subject Sectionals, Current Affairs, CSAT Paper II & Full-Length Simulators
  • 1/3rd Penalty & Trap Analytics: Identify whether marks are lost to over-attempting or conceptual gaps
  • Option-by-Option NCERT Keys: Detailed distractor analysis and elimination logic for every question
  • Custom PDF-to-Mock Generator: Convert your revision notes or current affairs PDFs into practice tests
Complete 50-Test Package
₹1,493₹1,799• Valid till Prelims 2027
1-on-1 Personal MentorshipCapped at 10 Seats

1-on-1 UPSC Mentorship with Avinash Sir

Weekly 1-on-1 strategy reviews, daily study accountability, and personalized MCQ attempt audits with an experienced UPSC mentor.

  • Weekly 1-on-1 Sessions: Direct mentorship with Avinash Sir (Former Plutus IAS Mentor, UPSC & UPPCS Mains Written)
  • APT 50-Test Series Included: Full Prelims GS1 & CSAT test series bundled at no additional cost
  • Mock Attempt & Elimination Audit: Question-by-question review to calibrate your risk and attempt accuracy
  • Prelims & Integrated Tracks: Available as dedicated Prelims mentorship or end-to-end Prelims + Mains guidance
Prelims & Integrated Tracks
17% OFF• Includes APT 50-Test Series