| 1. GIC was formed in November 1972. |
| 2. The 107 private companies operating in the field were grouped together into four - National Insurance Company, United India Insurance Company, Oriental Insurance Company and New India Assurance Company. |
A) 1 only
B) 2 only
C) 1 and 2
D) None of the Above
Correct Answer: D
Solution :
The GIC was formed in November 1972 consequent upon the nationalisation of general insurance business. The 107 private companies operating in the field were grouped together into four - National Insurance Company, United India Insurance Company, Oriental Insurance Company and New India Assurance Company, with GIC as the holding company
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