ICICI Bank Ltd Interview Question:

In pursuance of which one of the following was the General Insurance Corporation of India formed?

a. General Insurance Business (Nationalisation) Act, 1972
b. Insurance Act, 1938
c. Insurance Amendment Act, 2002
d. IRDA Act 1999

Submitted by: Muhammad

General Insurance Business (Nationalisation) Act, 1972
Explanation:
The entire general insurance business in India was nationalised by the Government of India through the General Insurance Business (Nationalisation) Act of 1972.
Submitted by: Muhammad