question_answer

Direction: In the given question an inference is given in bold which is then followed by three statements. You have to find the statement(s) from where it is inferred. Choose the option with the best possible outcome as your choice.

Expansion of insurance companies is a nascent phenomenon.

(I) Insurance is the new theme that is playing out now. After the IPO of ICICI Prudential Life insurance, which has returned 26.8% since its listing in September last, a flood of share sales from insurance firms are in the offing. This could create at least Rs. 3 lakh crore worth of firms in the next 12 months.

(II) Although insurance is a novelty, it's strange that in a county where it is more than a century old, nearly half-a-dozen insurance firms would get listed in the next six months. These include SBI Life Insurance, ICICI Lombard General Insurance, state-run GIC Re and new India Assurance.

(III) Once companies are listed, it brings greater amount of transparency and from investors' point of view, there is a new sector to play with secular tailwinds over the next decade or so.

A)  None of (I), (II) and (III)

B)  Only (I)

C)  Only (II)              

D)  Only (I) and (II)

E)  Only (II) and (III)