Q8
When was the General Insurance Corporation of India incorporated?
A.
1970
B.
1971
C.
1972
AnswerD.
1973
Answer: Option C
Solution
Answer: Option C
Solution:
As per the General Insurance Business (Nationalisation) Act, 1972, the General Insurance Corporation of India (GIC) was founded in 1972 and has headquarters in Mumbai. It was formed to control and operate the business of general insurance in India.