2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which bank inks MoU with Life Insurance Corporation (LIC)?
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Dena Bank
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Karnataka Bank
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State Bank of India
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Andhra Bank
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Explanation:
Detailed explanation-1: -SIDBI signs MoU with Life Insurance Corporation of India [LIC] for Fund-of-Fund operations-Small Industries Development Bank of India.
Detailed explanation-2: -IDBI Bank, LIC Mutual Fund, LIC Pension Fund, LIC Housing Finance, LIC Cards Services, and LIC International are some of the subsidiaries of LIC.
Detailed explanation-3: -Public Sector Insurance Companies | Department of Financial Services | Ministry of Finance | Government of India.
Detailed explanation-4: -The LIC Act came into effect from July 1956. It helped in the nationalization of the private insurance industry in India. LIC of India was formed by merging 154 life insurance companies, 16 foreign companies and 75 provident companies.
There is 1 question to complete.