Q223
LIC of India is an example of __________.
A.
department organization of the central government
B.
government company
C.
public corporation
AnswerD.
private corporation
Answer: Option C
Solution
Answer: Option C
Solution:
LIC of India is an example of public corporation. LIC of India was incorporated on 1st September, 1956 by amalgamating 243 Companies by the Act of Parliament called Insurance Act, 1956.