📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    According to the LIC Act, 1956, which fund does the

    Corporation maintain for carrying out its insurance business?
    A Contingency fund Correct Answer Incorrect Answer
    B General reserve fund Correct Answer Incorrect Answer
    C Life Insurance Fund Correct Answer Incorrect Answer
    D Sinking fund Correct Answer Incorrect Answer
    E Capital fund Correct Answer Incorrect Answer

    Solution

    Answer: Option C Explanation: The Life Insurance Fund established under Section 21 is used to carry out the insurance business.

    Practice Next
    More Other Laws and Acts Questions
    ask-question