When was the General Insurance Corporation of India incorporated?

A. 1970

B. 1971

C. 1972

D. 1973

Answer: Option C

Solution(By Examveda Team)

As per the General Insurance Business (Nationalisation) Act, 1972, the General Insurance Corporation of India (GIC) was founded in 1972 and has headquarters in Mumbai. It was formed to control and operate the business of general insurance in India.