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BIFR (Board for Industrial and Financial Reconstruction): Identify the year it came into existence. Context: BIFR was established under the Sick Industrial Companies (Special Provisions) Act, 1985. Choose the correct year when BIFR became operational.

Difficulty: Easy

1985
1986
1987
1989

Correct Answer: 1987

Explanation:

Given data

Institution: BIFR.
Law: SICA, 1985.
Task: Year BIFR came into existence (operational).

Concept / Approach Although SICA was enacted in 1985, the BIFR was constituted and became operational in 1987.

Verification Standard Indian economy and polity references list 1987 as the operational start year.

Final Answer 1987.

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