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    Question

    As per the General Insurance Business (Nationalisation)

    Act, 1972 the Central Government shall form a Government company to be known as the ___________ for the purpose of superintending, controlling and carrying on the business of general insurance
    A Insurance Corporation of India Correct Answer Incorrect Answer
    B General Insurance Corporation of India Correct Answer Incorrect Answer
    C General Insurance Company of India Correct Answer Incorrect Answer
    D General Insurance Business Corporation of India Correct Answer Incorrect Answer
    E Insurance regulatory and supervisory company Correct Answer Incorrect Answer

    Solution

    Explanation: Section 9.   Formation of General Insurance Corporation of India: (1) As soon as may be after the commencement of this Act, the Central Government shall form a Government company in accordance with the provisions of the Companies Act, to be known as the General Insurance Corporation of India for the purpose of superintending, controlling and carrying on the business of general insurance.

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