Question

    Which act primarily governs the field of general

    insurance in India?
    A Companies Act, 1956 Correct Answer Incorrect Answer
    B Income Tax Act, 1961 Correct Answer Incorrect Answer
    C Banking Regulation Act, 1949 Correct Answer Incorrect Answer
    D Insurance Act, 1938 Correct Answer Incorrect Answer
    E Insurance Act, 1948 Correct Answer Incorrect Answer

    Solution

    Explanation: The field of general insurance in India is primarily governed by the Insurance Act, 1938. This act provides the legal framework for the regulation and conduct of general insurance business in the country.

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