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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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