New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    According to the General Insurance Business

    (Nationalisation) Act under what circumstances can the Central Government frame schemes for the more efficient carrying on of general insurance business?
    A If it wants to privatize the insurance sector Correct Answer Incorrect Answer
    B If it wants to establish a new insurance company Correct Answer Incorrect Answer
    C If it wants to dissolve all existing insurance companies Correct Answer Incorrect Answer
    D If it deems it necessary for the efficient carrying on of general insurance business Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Section 16.   Schemes for mergers of companies, etc.: (1) If the Central Government is of opinion that for the more efficient carrying on of general insurance business it is necessary so to do, it may, by notification, frame one or more schemes.

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