In which year the Board of Industrial and Financial Reconstruction (BIFR) came into existence?
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Option 1 : 1987
The Board for Industrial and Financial Reconstruction (BIFR) was an agency of the Government of India, its objective is to determine sickness of industrial companies and to assist in reviving those that may be viable. The BIFR was established under The Sick Industrial Companies (Special Provisions) Act, 1985 (SICA). The board was set up in January 1987 and became functional as of 15 May 1987.
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