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UPSC 1999: Which one of the following is the objective of National Renewal Fund?
(a)To safeguard the interests of workers who may be affected by technological upgradation of industry or closure of sick units
(b)To develop the core sector of the economy
(c)For the development of infrastructure such as energy, transport, communications and irrigation
(d)For human resource development such as full literacy, employment, population control, housing and drinking water
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Not attemptedCorrect Answer: (a) To safeguard the interests of workers who may be affected by technological upgradation of industry or closure of sick units
The National Renewal Fund (NRF), set up in February 1992, was meant to provide a social-safety net by financing retraining, redeployment and compensation for workers affected by technological modernisation or closure of sick/losing units—hence safeguarding their interests. It was not aimed at developing core sectors (b), general infrastructure (c) or broad human-resource targets (d). ([iasbook.com](https://www.iasbook.com/industrial-sector-questions-2/?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 1999 Indian Economy question?▼
The correct answer is option (a): To safeguard the interests of workers who may be affected by technological upgradation of industry or closure of sick units. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Human Development, Poverty & Employment Schemes question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 1999, GS Paper 1, as Question 60. It falls under Indian Economy > Human Development, Poverty & Employment Schemes.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
How many UPSC Prelims questions have been asked from Human Development, Poverty & Employment Schemes?▼
UPSC has asked 61 questions from Human Development, Poverty & Employment Schemes (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.