Consider the following statements: The objectives of the National Renewal Funds set up in February 1992 were 1. to give training and counselling for workers affected by retrenchment or VRS. 2. redeployment of workers Which of these statements is/are corre

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Q: 45 (IAS/2002)
Consider the following statements: The objectives of the National Renewal Funds set up in February 1992 were
1. to give training and counselling for workers affected by retrenchment or VRS.
2. redeployment of workers
Which of these statements is/are correct?

question_subject: 

Economics

question_exam: 

IAS

stats: 

0,31,30,11,31,10,9

keywords: 

{'national renewal funds': [0, 0, 2, 0], 'redeployment': [0, 0, 2, 0], 'retrenchment': [0, 1, 2, 0], 'objectives': [2, 1, 4, 11], 'counselling': [0, 0, 2, 0], 'workers': [2, 1, 6, 18]}

The National Renewal Fund (NRF) was established in India in February 1992 with the specific objectives of providing assistance in terms of training, counselling for affected workers due to retrenchment or voluntary retirement schemes (VRS), which means option 1 is correct. Moreover, NRF also aimed at redeployment of workers, meaning application of workers in new areas or industries, which means option 2 is also correct. Therefore, providing the correct answer to this question - both statements 1 and 2 are correct, which is option 2. The other options are incorrect as they suggest only one or neither of the objectives are correct, which contradicts the purpose of NRF.