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    Question

    Under which section of the LIC Act, 1956 is the Life

    Insurance Corporation constituted? 
    A Section 1 Correct Answer Incorrect Answer
    B Section 5 Correct Answer Incorrect Answer
    C Section 3 Correct Answer Incorrect Answer
    D Section 2 Correct Answer Incorrect Answer
    E Section 9 Correct Answer Incorrect Answer

    Solution

    Answer: Option C Explanation: Section 3 of the LIC Act, 1956, specifically provides for the constitution of the Life Insurance Corporation of India.

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