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