BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1972
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1973
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1974
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1975
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Detailed explanation-1: -Accordingly, GIC was incorporated on 22 November 1972 as a private company under Companies Act, 1956 in Bombay and received its Certificate for Commencement of Business on 1 January 1973.
Detailed explanation-2: -The General insurance business in India, on the other hand, can trace its roots to the Triton Insurance Company Ltd., the first general insurance company established in the year 1850 in Calcutta by the British.
Detailed explanation-3: -The 1972 Act set up the General Insurance Corporation of India (GIC).
Detailed explanation-4: -GENERAL INSURANCE CORPORATION OF INDIA The General insurance industry was nationalized in 1972 and 107 insurers were grouped and amalgamated into four Companies – National Insurance Co.