When was general insurance business nationalised?
A. 1970
B. 1971
C. 1972
D. 1973
Answer: Option D
Solution (By Examveda Team)
The general insurance business was nationalised in 1973, with effect from 1 January 1973. It was the nationalization of 107 insurance companies into one main company called General Insurance Corporation of India and its four subsidiary companies with exclusive privilege for transacting general insurance business.Join The Discussion
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General insurance business was nationalized in 1972 but came in the effect from 1st january 1973 so correct answer of this question is 1972