2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Small Industries Development Bank of India
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India Post
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Ministry of Micro Small and Medium Enterprises
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Central Bank of India
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Detailed explanation-1: -Life Insurance Corporation of India (LIC) is an Indian public sector life insurance company headquartered in Mumbai. It is India’s largest insurance company as well as the largest institutional investor with total assets under management worth ₹41 trillion (US$510 billion) as of May 2022.
Detailed explanation-2: -Public Sector Insurance Companies | Department of Financial Services | Ministry of Finance | Government of India.
Detailed explanation-3: -The main role of LIC is to invest in global financial markets and different government securities after gathering funds from people through their various life insurance policies. At least 75% of these gathered funds are to be invested in Central and State Government securities, as stated by one of the LIC rules.
Detailed explanation-4: -The LIC funds are made available directly to the private sector through investment in shares and debentures and loans. The largest amount is invested in equity shares, followed by preference shares and then debentures.