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National Renewel Fund was constituted in

  • A.1990
  • B.1992
  • C.1994
  • D.1996

Answer: B

The National Renewal Fund was set up in 1992.

It was created to cushion the labour consequences of liberalisation: retraining and redeployment of workers displaced by industrial restructuring, and compensation for those taking voluntary retirement in public sector units.

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