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The General Insurance Business (Nationalization) Act, 1972 was passed by the Indian Parliament to nationalize all general insurance companies operating in India. The act led to the creation of four public sector general insurance companies: National Insurance Company Limited, New India Assurance Company Limited, Oriental Insurance Company Limited, and United India Insurance Company Limited. The act did not allow for the entry of private players into the general insurance sector in India. The concept of third-party insurance was not abolished by the act. Hence, option A is correct.
In March 2022, which bank did RBI direct to stop onboarding new customers?
With reference to the Panel of Chairpersons of Lok Sabha, consider the following statements:
1. Under the rules of Lok Sabha the Speaker nomina...
In this question, a group of numbers/symbols is coded using letters as per the table given below and the conditions which follow. The correct combinatio...
Which section of the Industrial Employment (Standing Orders) Act, 1946 deals with the submission and certification of standing orders?
The number of equidistant oppositely charged ions in a sodium chloride crystal is
Which one of the following does not figure in the list of languages in the Eighth Schedule of the Constitution of India?
Which accounting principle states that companies and owners should be treated as separate entities.
During the World War II, Indian soldiers fought heroically in the Batle at Monte Cassino. Where is Monte Cassino located?
Match List-I with List-II and select the correct answer using the codes given below the lists:
Which of the following banks emerged as Top Performers in NPA Management during FY23?
