The New India Assurance Co. Ltd. was a subsidiary of which of the following company?

A General Insurance Corporation of India (GIC)
B Life Insurance Corporation of India (LIC)
C The Oriental Insurance Company
D United India Insurance Company

Correct Answer: General Insurance Corporation of India (GIC)

Previously it was a subsidiary of the General Insurance Corporation of India (GIC). But when GIC became a re-insurance company as per the IRDA Act 1999, its four primary insurance subsidiaries New India Assurance, United India Insurance, Oriental Insurance and National Insurance got autonomy.
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Related Questions

What percent are shares of New India Assurance Co Ltd owned by Government of India?
A 50%
B 85%
C 99.40%
D 100%
Which of the following type of insurance product are available in New India Assurance Co Ltd located?
A Personal Insurance
B Commercial Insurance
C Industrial Insurance
D All of the above
In which year New India Assurance Co Ltd nationalized?
A 1945
B 1947
C 1973
D 1969
In which year New India Assurance Co Ltd was found?
A 1918
B 1818
C 1919
D 1945
New India Assurance Co Ltd has branches in how many countries?
A 25
B 26
C 27
D 28
Where is the headquarters of New India Assurance Co Ltd located?
A New Delhi
B Mumbai
C Hyderabad
D Kolkata
What is the CRISIL rating for New India Assurance Co Ltd located?
A AA/Stable
B AAA/Stable
C AA/Negative
D AAA/Negative
At the beginning of the month, the accounts receivable subsidiary ledger showed balances for Anchor Company Tk 5,000 and Best Company Tk 7,000. During the month, credit sales were made to Anchor Tk 6,000, Best Tk 4,500, and Zen Tk 8,500. Cash was collected on account from Best Tk 11,500 and Zen Tk 3,000. At the end of the month, the Accounts Receivable account of Best Company in the general ledger should have a balance of -
A Tk 0
B Tk 4,500
C Tk 11,500
D Tk 23,000
E None of these
ASsurance company has a project that wil take 1000 person -days to complete. How many days will it take to complete the project if the company has 50 workers?
A 50
B 43
C 32
D 20
X Ltd sells goods on credit to Y Ltd for Taka 3000. Which of the following accounting entries correctly records in X's book of this transaction?
A Debit sales, credit Y Ltd Taka 3000
B Debit Y Ltd, credit sales Taka 3000
C Debit Y Ltd cash, credit sales Taka 3000
D Debit Y Ltd, Credit stock Taka 3000

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