Examveda
Examveda

Which one of the following statement is incorrect?

A. ICRA is a credit rating agency promoted by the Industrial Finance Corporation of India

B. Loan Company (LC) NBFCs are registered with RBI

C. GIC was incorporated on 22nd November, 1972 under the Companies Act, 1956 as a private company limited by shares

D. An endowment policy is a life insurance contract designed to pay a lumpsum after a specified term (on its maturity) or on earlier death

Answer: Option B


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