ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -This is the list of countries defined by DFID as LICs (as of August 2017): Afghanistan. Bangladesh. Benin.

Detailed explanation-2: -The highest rates of population growth are occurring in low income countries (LICs), such as Zimbabwe, Malawi and Niger. Some countries are experiencing population decline, for example Japan, Russia and Ukraine.

Detailed explanation-3: -Afghanistan is a landlocked country located in Southern Asia that borders China, Iran, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan. The geography of Afghanistan is arid and mountainous; the Hindu Kush Mountains run northeast to southwest and divide the northern provinces from the rest of the country.

Detailed explanation-4: -Life Insurance Corporation of India LIC of India was incorporated on 1st September, 1956 by amalgamating 243 Companies by the Act of Parliament called Insurance Act, 1956. LIC is governed by the Insurance Act 1938, LIC Act 1956, LIC Regulations 1959 and Insurance Regulatory and Development Authority Act 1999.