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Life Insurance Corporation (LIC) of India was established in ?

  • 1955
  • 1956
  • 1957
  • 1958

Answer: Option B

Explanation:

Life Insurance Corporation (LIC) of India was established in September 1956.

Similar Questions :

1. India is largest producer of Sponge Iron in the world ?

  • True
  • False

Answer: Option A

Explanation:

When ever there is question of True and False, most of times its answer is True, why so? :)

2. The banks are required to maintain a certain ratio between their cash in hand and total assets. This is called ?

  • Statutory Liquid Ratio
  • Cash Reserve Ratio
  • Liquid Ratio
  • Statutory Ratio

Answer: Option A

3. Deficit financing means that the government borrows money from the ?

  • Revenue Department
  • World Bank
  • RBI
  • None of above

Answer: Option C

4. National Development Council was constituted on

  • 2 August, 1952
  • 6 August, 1952
  • 8 August, 1952
  • 12 August, 1952

Answer: Option B

5. What is term Hot Money used for ?

  • black money
  • white money
  • a money which is hard to come but easy to go
  • a money which comes easily and goes easily too

Answer: Option D

Read more from - Indian Economy Questions Answers
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