BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1956
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1961
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1949
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1969
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Detailed explanation-1: -’Agriculture Insurance Company Of India Limited’ (AIC) was incorporated to exclusively cater to the insurance needs of the persons engaged in agriculture and allied activities in India under the Companies Act, 1956 on 20th December 2002.
Detailed explanation-2: -Agriculture Insurance Company of India Limited was incorporated under the Indian Companies Act 1956 on 20th December, 2002 with an authorised share capital of INR 15 billion and paid up capital of INR 2 billion. AIC commenced business from 1st April, 2003.
Detailed explanation-3: -The Company is under administrative control of Ministry of Finance, Govt. of India. AIC has its Registered Office and Head Quarters at Plate B & C, 5th Floor, Office Block 1, East Kidwai Nagar, New Delhi-110023. Apart from this, there are 18 Regional Offices (ROs) across the country.
Detailed explanation-4: -The first crop insurance program was introduced in 1972-73 by the ‘General Insurance’ Department of Life Insurance Corporation of India on H-4 cotton in Gujarat.