When was the General Insurance Corporation of India incorporated?

When was the General Insurance Corporation of India incorporated? Correct Answer 1972

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.

Related Questions

Following are the shortilisting criteria for a candidates to be called for Interview for the post of Deputy Manager in an Insurance company. The candidate must (i) be at least 30 years and not more than 35 years as on 1st January, 2020. (ii) be a graduate in any discipline. (iii) have done MBA with specialisation in insurance with at least 75% marks. (iv)have at least one year post qualification work experience in an insurance company. (v) have secured at least 60% of marks in the screening test conducted by the company. (vi) a native of Maharashtra. However, if the applicant fulfills the above mentioned criteria except a) at (iv) above, the case may be referred to the General Manager of the company. b) at (v) above, the case may be referred to the Chief Manager of the company. c) at (vi) above but has studied Marathi as one subject in class 10, his case will be referred to Divisional Manager of the company. Rekha Kesharwani is 32 years old as on 1st Jan 2020. She has done B.Sc. from a university in Uttar Pradesh. She has done her post graduation in Business administration with a specialisation of Insurance from a reputed institute at Pune in 2016. She has scored 75% marks in the screening test conducted by the company. She is working as a development officer in LIC of India. What decision about Rekha Kesharwani can be taken on the basis of the information given above?
You are working as a fourth grade worker in the solid waste management department of a municipal corporation. You joined the corporation after you father's untimely death. Though failed in 10th class you are a voracious reader. Observing your interest in reading, chief supervisor in the department encouraged you to continue education and change your fate. With your personal efforts you have completed graduation in commerce and post-graduation in social work. Now for continuing research in social science institute, you have received a foreign fellowship abroad and have applied for a study leave. As per the rules of corporation, employee gets two year salary protected leave for continuing education. But the head of the corporation rejected your application and discouraged you by asking question, "Who will do cleaning work if you get higher education ?" Which way would you choose for sorting out this problem from the following list?