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With reference to the Life Insurance Corporation of India (LIC), consider the following statements:
1. It was established on September 1, 1956, when the Parliament of India passed the Life Insurance of India Act that nationalized India's insurance industry.
2. It is headquartered in Delhi.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
With reference to the Life Insurance Corporation of India (LIC), consi...
Decks are being cleared systematically for the mega listing of Life Insurance Corporation of India (LIC), India’s largest financial institution with assets of over Rs 32 lakh crore.
  • Market regulator SEBI has relaxed the norms to make the listing process easier and smooth.
  • Currently, issuers with a post-issue market capitalisation of Rs 4,000 crore are required to offer at least 10 per cent of the post-issue capital to the public and achieve a minimum public holding of 25 per cent within three years.
  • SEBI has now said the issuer with a post-issue market capitalisation needs to make an offer of Rs 10,000 crore and five per cent of the incremental amount beyond the Rs one lakh crore. The size will ultimately depend on the valuation.
  • Life Insurance Corporation of India (LIC) is an Indian state-owned insurance and investment corporation.
  • It was established on September 1, 1956, when the Parliament of India passed the Life Insurance of India Act that nationalized the insurance industry in India.
  • It is headquartered in Mumbai.
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With reference to the Life Insurance Corporation of India (LIC), consider the following statements:1. It was established on September 1, 1956, when the Parliament of India passed the Life Insurance of India Act that nationalized Indias insurance industry.2. It is headquartered in Delhi.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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With reference to the Life Insurance Corporation of India (LIC), consider the following statements:1. It was established on September 1, 1956, when the Parliament of India passed the Life Insurance of India Act that nationalized Indias insurance industry.2. It is headquartered in Delhi.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Life Insurance Corporation of India (LIC), consider the following statements:1. It was established on September 1, 1956, when the Parliament of India passed the Life Insurance of India Act that nationalized Indias insurance industry.2. It is headquartered in Delhi.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Life Insurance Corporation of India (LIC), consider the following statements:1. It was established on September 1, 1956, when the Parliament of India passed the Life Insurance of India Act that nationalized Indias insurance industry.2. It is headquartered in Delhi.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.
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