General Insurance Corporation of India wholly owned by GOI




Insurance firm AIA Group Ltd has decided to increase its stake in Tata AIA Life Insurance Co Ltd, a joint venture owned by Tata Sons Ltd and AIA Group from 26 per cent to _________ per cent.
(a) 51 percent
(b) 100 percent
(c) 74 percent
(d) 49 percent
(e) None of the given options is true

Ans.(d)

Sol. Insurance firm AIA Group Ltd has decided to increase its stake in Tata AIA Life Insurance Co Ltd, a joint venture owned by Tata Sons Ltd and AIA Group from 26 per cent to 49 per cent.

General Insurance Corporation of India (GIC Re) is a wholly owned company of-
(a) Finance Ministry
(b) Government of India
(c) IRDA
(d) LIC
(e) RBI

S9. Ans.(b)
Sol. General Insurance Corporation of India (GIC Re) is a wholly owned company of Government of India.

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