Question

GIC was ceased to be a holding company of its subsidiaries in which of the following year?

A 1938 Correct Answer Incorrect Answer
B 1972 Correct Answer Incorrect Answer
C 1956 Correct Answer Incorrect Answer
D 1999 Correct Answer Incorrect Answer
E 2003 Correct Answer Incorrect Answer

Solution

With the General Insurance Business (Nationalisation) Amendment Act 2002 (40 of 2002) coming into force from March 21, 2003; GIC ceased to be a holding company of its subsidiaries.

Practice Next
×
×