Q. The General Insurance Business in India was nationalized in which year?
✅ Correct Answer: (C)
1973
General Insurance MCQs and Notes
Q. The Life Insurance Business in India was nationalized in which year?
✅ Correct Answer: (A)
1956
Q. The Insurance Act to govern both life insurance and non-life insurance was passed in which year?
✅ Correct Answer: (B)
1938
Q. Name the first General Insurance Company in India?
✅ Correct Answer: (D)
riton Insurance Company Ltd
Q. The Life Insurance Corporation of India (LIC) came into existence in which year?
✅ Correct Answer: (C)
1956
Q. Which among the following is the oldest existing insurance company in India?
✅ Correct Answer: (A)
National Insurance Company
Q. The Life Insurance Companies Act was passed in which year?
✅ Correct Answer: (B)
1912
Q. Which among the following is the first Indian life insurance company to begin operations in India?
✅ Correct Answer: (A)
Bombay Mutual Life Assurance Society
Q. Name the first life insurance company to function in India
✅ Correct Answer: (D)
Oriental Life Insurance Company
Q. The life insurance business in India was first started in which year?
✅ Correct Answer: (C)
1818