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      Question

      The accounts of LIC shall be audited

      by: 
      A CAG only Correct Answer Incorrect Answer
      B ICAI appointed auditors only Correct Answer Incorrect Answer
      C Auditors appointed and approved by LIC Board and Government Correct Answer Incorrect Answer
      D External consultancy firms Correct Answer Incorrect Answer
      E Reserve Bank appointed auditors Correct Answer Incorrect Answer

      Solution

      Sections 25 to 25B specify appointment and duties of auditors [Sections 25-25B].

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