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


    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].

    Practice Next
    ask-question