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The General Insurance Corporation of India started operation with holding companies:
1. New India Insurance Company Limited
2. National Assurance Company Limited
3. Agriculture insurance company of India Limited
Which of these statements is/are correct?
  • a)
    1 and 2 Only
  • b)
    1 and 3 Only
  • c)
    All of them
  • d)
    None of them
Correct answer is option 'D'. Can you explain this answer?

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C K Academy
Feb 12, 2022
Related The General Insurance Corporation of India started operation with holding companies: 1. New India Insurance Company Limited2. National Assurance Company Limited3. Agriculture insurance company of India LimitedWhich of these statements is/are correct?a) 1 and 2 Onlyb) 1 and 3 Onlyc) All of themd) None of themCorrect answer is option 'D'. Can you explain this answer?
In 1971, The government nationalised the private sector companies playing in the general insurance and a government company, the General Insurance Corporation of India (GIC) was formed in 1972. The GIC started operation on January 1. 1973 with its four holding companies: (i) National Insurance Company Ltd. (ii) New India Assurance Company Ltd. (ii) Oriental Fire and Insurance Company Ltd. (iv) United India Insurance Company Ltd.

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The General Insurance Corporation of India started operation with holding companies: 1. New India Insurance Company Limited2. National Assurance Company Limited3. Agriculture insurance company of India LimitedWhich of these statements is/are correct?a) 1 and 2 Onlyb) 1 and 3 Onlyc) All of themd) None of themCorrect answer is option 'D'. Can you explain this answer? for UPSC 2022 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The General Insurance Corporation of India started operation with holding companies: 1. New India Insurance Company Limited2. National Assurance Company Limited3. Agriculture insurance company of India LimitedWhich of these statements is/are correct?a) 1 and 2 Onlyb) 1 and 3 Onlyc) All of themd) None of themCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2022 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The General Insurance Corporation of India started operation with holding companies: 1. New India Insurance Company Limited2. National Assurance Company Limited3. Agriculture insurance company of India LimitedWhich of these statements is/are correct?a) 1 and 2 Onlyb) 1 and 3 Onlyc) All of themd) None of themCorrect answer is option 'D'. Can you explain this answer?.
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In 1971, The government nationalised the private sector companies playing in the general insurance and a government company, the General Insurance Corporation of India (GIC) was formed in 1972. The GIC started operation on January 1. 1973 with its four holding companies: (i) National Insurance Company Ltd. (ii) New India Assurance Company Ltd. (ii) Oriental Fire and Insurance Company Ltd. (iv) United India Insurance Company Ltd.