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      Question

      What is LIC’s minimum authorized share capital as per

      the Act? 
      A Rs. 1,000 crore Correct Answer Incorrect Answer
      B Rs. 10,000 crore Correct Answer Incorrect Answer
      C Rs. 25,000 crore Correct Answer Incorrect Answer
      D Rs. 50,000 crore Correct Answer Incorrect Answer
      E No minimum prescribed Correct Answer Incorrect Answer

      Solution

      Section 15 prescribes Rs. 25,000 crore authorized share capital [Section 15].

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