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In modern India, when was the non-life insurance business nationalized, and what organization was formed as a result?a)Nationalized in 1912, leading to the formation of LIC.b)Nationalized in 1956, leading to the formation of GIC.c)Nationalized in 1999, leading to the formation of IRDA.d)Nationalized in 1972, leading to the formation of the Malhotra Committee.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about In modern India, when was the non-life insurance business nationalized, and what organization was formed as a result?a)Nationalized in 1912, leading to the formation of LIC.b)Nationalized in 1956, leading to the formation of GIC.c)Nationalized in 1999, leading to the formation of IRDA.d)Nationalized in 1972, leading to the formation of the Malhotra Committee.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In modern India, when was the non-life insurance business nationalized, and what organization was formed as a result?a)Nationalized in 1912, leading to the formation of LIC.b)Nationalized in 1956, leading to the formation of GIC.c)Nationalized in 1999, leading to the formation of IRDA.d)Nationalized in 1972, leading to the formation of the Malhotra Committee.Correct answer is option 'B'. Can you explain this answer?.

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