In pursuance of which one of the following was the General Insurance Corporation of India was formed?
A
General Insurance Business (Nationalization) Act, 1972
B
Insurance Act, 1938
C
Insurance Amendment Act, 2002
D
IRDA Act 1999
Correct Answer: General Insurance Business (Nationalization) Act, 1972
The entire general insurance business in India was nationalized by the Government of India through the General Insurance Business (Nationalisation) Act of 197B.