New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    As per the General Insurance Business (Nationalisation)

    Act for the General Insurance Corporation of India _______________ to add the word “Limited” as the last word of the name of the Corporation.
    A It shall be necessary Correct Answer Incorrect Answer
    B It shall not be necessary Correct Answer Incorrect Answer
    C The Companies Act shall prescribe whether to or not to Correct Answer Incorrect Answer
    D The Central Government to prescribe whether to or not to Correct Answer Incorrect Answer
    E Either c or d Correct Answer Incorrect Answer

    Solution

    Explanation: 9. Formation of General Insurance Corporation of India: (3) Notwithstanding anything contained in the Companies Act, 2013, it shall not be necessary to add the word “Limited” as the last word of the name of the Corporation.

    Practice Next