Q960
In pursuance of which one of the following was the General Insurance Corporation of India was formed?
A.
General Insurance Business (Nationalization) Act, 1972
AnswerB.
Insurance Act, 1938
C.
Insurance Amendment Act, 2002
D.
IRDA Act 1999
Answer: Option A
Solution
Answer: Option A
Solution:
The entire general insurance business in India was nationalized by the Government of India through the General Insurance Business (Nationalisation) Act of 197B.