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A continuously loss-making public sector unit was referred for overhaul or shutdown to the:
ASecurities and Exchange Board of India
BComptroller and Auditor General office
CIndustrial and Financial Reconstruction Board
DReserve Bank of India regional office
Answer & Solution
Correct answer: C. Industrial and Financial Reconstruction Board
1. After 1991 such units were held accountable.
2. Committees studied their working.
3. Sick units went to the reconstruction board.
_Source: NCERT Class 11 Business Studies, Chapter 3, Private, Public and Global Enterprises._
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