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      Question

      What does the term approved securities mean as per the

      Insurance Act?
      A Government securities and other securities charged on the revenues of the Central Government Correct Answer Incorrect Answer
      B Debentures or other securities for money issued under the authority of any Central Act by or on behalf of a port trust in any presidency-town Correct Answer Incorrect Answer
      C Shares of a corporation established by law and guaranteed fully by the Central Government or the Government of a State as to the repayment of the principal and the payment of dividend Correct Answer Incorrect Answer
      D All a b & c Correct Answer Incorrect Answer
      E Both b & c Correct Answer Incorrect Answer

      Solution

      Section 2 Definitions: (iii) shares of a corporation established by law and guaranteed fully by the Central Government or the Government of a State as to the repayment of the principal and the payment of dividend.

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