BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs. 1000 Crores
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Rs. 2000 Crores
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Rs. 1500 Crores
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Rs. 500 Crores
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Detailed explanation-1: -The Authorized Share Capital of the Company is Rs. 1500 crore with initial Paid-up Equity Share Capital of the Company of Rs. 200 crore.
Detailed explanation-2: -Agriculture Insurance Company of India’s revenue is $11.3 Million What is Agriculture Insurance Company of India’s SIC code? Agriculture Insurance Company of India’s SIC: 64, 641 What is Agriculture Insurance Company of India’s NAICS code?
Detailed explanation-3: -1500 crore. The initial paid-up capital was Rs. 200 crores, which was subscribed by the promoting companies, General Insurance Corporation of India GIC (35%), NABARD (30%) and the four public-sector general insurance companies (8.75%) each, viz., National Insurance Co. Ltd., Oriental Insurance Co.