Question
Which of the following is true regarding the General
Insurance Business (Nationalization) Act, 1972?Solution
The General Insurance Business (Nationalization) Act, 1972 was passed by the Indian Parliament to nationalize all general insurance companies operating in India. The act led to the creation of four public sector general insurance companies: National Insurance Company Limited, New India Assurance Company Limited, Oriental Insurance Company Limited, and United India Insurance Company Limited. The act did not allow for the entry of private players into the general insurance sector in India. The concept of third-party insurance was not abolished by the act. Hence, option A is correct.
The rate of a reaction depends on:
On a clean glass plate, a drop of water spreads to form a thin layer whereas a drop of mercury remains almost spherical because:
Which of the following element is used for the manufacture of the safety-matches?
What is the colour of the outer zone of complete combustion of candle flame?
Which acid is present in grapes?
Match the following columns and choose the correct option:
Column I A. Leishmania donovani B. Trypanosoma gambiense C. Entamoeba histolytica D. W...
What happens to a liquid, when the vapour pressure equals the atmospheric pressure?
Which of the following is correct regarding isobars?
I. They have different atomic numbers
II. The have same mass numbers
What is the main ore of aluminum?
Absolute alcohol is prepared from rectified spirit by using the following process :
