Q19
Insurance is legislated by:
A.
Insurance Company
B.
State Government
C.
Central Government
AnswerD.
Reserve Bank of India
Answer: Option C
Solution
Answer: Option C
Solution:
Insurance is legislated by Central Government. Insurance in India covers both, public and private sector organisations. It is listed in the Seventh Schedule as a Union List subject in the Constitution of India. It can only be legislated by the Central government.