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      Question

      Which of the following is NOT a function of LIC as per

      Section 6? 
      A Carry on life insurance business Correct Answer Incorrect Answer
      B Advance or lend money on securities Correct Answer Incorrect Answer
      C Borrow money Correct Answer Incorrect Answer
      D Regulate other private insurers Correct Answer Incorrect Answer
      E Acquire and dispose of property for business purposes Correct Answer Incorrect Answer

      Solution

      LIC acts as insurer, not regulator [Section 6].

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