2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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M R Kumar
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Siddhartha Mohanty
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Pankaj Jain
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Mukesh Gupta
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Detailed explanation-1: -The Government of India has extended the tenure of Life Insurance Corporation (LIC) chairman Mr. M. R. Kumar by one year. He will remain in office till March 2023 or until he attains the age of superannuation, or until further orders, whichever is the earliest.
Detailed explanation-2: -For smooth sailing for the LIC’s listing, its current chairman MR Kumar has got two extensions one from July 2021 to March 2022 and one from April 2022 to March 2023. To enable this, the government amended the LIC (Staff) regulations and increased the superannuation age to 62 for the chairman.
Detailed explanation-3: -Mangalam Ramasubramanian Kumar, the name behind the behemoth of IPO chairs the Board of LIC since March 2019. His career in LIC however, started in 1983 as a Direct Recruit Officer.