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LIC of India is an example of __________.
- Adepartment organization of the central government
- Bgovernment company
- Cpublic corporation
- Dprivate corporation
Correct answer: C
Discussion 1
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0
CCommunity
public corporation
LIC of India is an example of public corporation. LIC of India was incorporated on 1st September, 1956 by amalgamating 243 Companies by the Act of Parliament called Insurance Act, 1956.
LIC of India is an example of public corporation. LIC of India was incorporated on 1st September, 1956 by amalgamating 243 Companies by the Act of Parliament called Insurance Act, 1956.