बी.आय.एफ. आर. कायद्याचे उद्दिष्ट होते.

The correct answer is Option A (Revival of sick industries).

Key Points:
• Correct Option Evaluation: The correct answer is option (1) Revival of sick industries.
• Board for Industrial and Financial Reconstruction (BIFR):
• Establishment & Purpose: Established under the Sick Industrial Companies (Special Provisions) Act - SICA, 1985, BIFR became operational in 1987. Its primary mandate was to detect industrial sickness in public and private sector companies, determine whether sick units were revivable, and formulate rehabilitation schemes or recommend winding up.
• Analysis of Other Options: Privatization, foreign capital approval, and large-scale industrial financing are handled by disinvestment departments, FEMA/RBI, and industrial development banks, not BIFR.
• Exam Insight: BIFR was eventually wound up and replaced by the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC) to expedite resolution.
• Key Takeaway: BIFR was established to deal with the revival and rehabilitation of sick industrial units.