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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. "Blue sky laws" is a term used for laws which are :

  • Only for personal interest of a political party.
  • Which cheaters can use to fraud public.
  • Which are there to protect public from securities frauds.
  • Which are created in hurry.

Answer: Option D

2. Industrial Finance Corporation of India (IFCI) was established in :

  • 1946
  • 1947
  • 1948
  • 1949

Answer: Option C

Explanation:

Industrial Finance Corporation of India (IFCI) was established in 1948,
Its main functions are Project Finance and Promotional services.

3. Who fixes the poverty line ?

  • Governement
  • Lok sabha
  • Rajya sabha
  • Planning Commision

Answer: Option D

4. Iron and steel industry started in India in the year ?

  • 1855
  • 1860
  • 1865
  • 1870

Answer: Option D

Explanation:

Iron and steel industry started in India in the year 1870, when Bengal Iron Works company established its plant in Kulti, West Bengal.

5. Gross domestic capital formation is defined as

  • flow of expenditure devoted to increased or maintaining of the capital stock
  • expenditure incurred on physical assets only
  • production exceeding demand
  • net addition to stock after depreciation

Answer: Option D

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