BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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General Insurance Corporation (GIC) of India is a state owned enterprise in India. Where is the head office of GIC?
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Kolkata
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Chennai
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New Delhi
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Mumbai
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Explanation:
Detailed explanation-1: -It was incorporated on 22 November 1972 under Companies Act, 1956. GIC Re has its registered office and headquarters in Mumbai.
Detailed explanation-2: -There are 33 general insurance companies in India.
Detailed explanation-3: -The formation of GIC was done under the pursuance of section 9(1) of GIBNA. Furthermore, it was incorporated on 22nd November 1972 under the companies act. Thus, the main purpose of the formation of GIC was to operate and control the business of general insurance in India.
Detailed explanation-4: -GIC was incorporated in 1981 under the Singapore Companies Act and is wholly owned by the Government of Singapore to manage Singapore’s reserves.
There is 1 question to complete.