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      Question

      The Insurance Act has __________sections and ______

      schedules.
      A 10, 100 Correct Answer Incorrect Answer
      B 8, 120 Correct Answer Incorrect Answer
      C 120, 8 Correct Answer Incorrect Answer
      D 17, 110 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      The Insurance Act has 120 sections and 8 schedules. Under it, only an Indian company, as defined and registered under Companies Act, 1956, is allowed to operate in India.

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