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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 ‘Luddi Dance’ is a famous dance of which state?
The state flower of Haryana is ______.
Which state in India hosts the Mallinath Fair annually?
“Armed Forces Veterans Day” is observed annually on which of the following day?
Indigo airlines has appointed ____ as its Managing Director?
In which year was Hariprasad Chaurasia honored with the Padma Vibhushan for his contributions to Indian classical music?
Renowned personality Supriya Devi recently passed away, she was related to the field of:
W here is the main office of the Asian Development Bank (ADB) located?
The Contingency Fund of India was established in which year?
Which of the following math is not correctly matched: