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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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