Question : The General Insurance (Amendment) Act, 2021 removes the provision that required the Central Government to have at least __________ownership in four subsidiaries of General Insurance Company, namely, National Insurance, New India Assurance, Oriental Insurance, and United India Insurance.
Option 1: 75%
Option 2: 49%
Option 3: 51%
Option 4: 80%
Correct Answer: 51%
Solution : The correct answer is 51%.
The General Insurance (Amendment) Act of 2021 removes the provision that required the Central Government to have at least 51% ownership in four subsidiaries of General Insurance Company, namely, National Insurance, New India Assurance, Oriental Insurance, and United India Insurance. The bill increases the limit on foreign investment in an Indian insurance company from 49% to 74% and removes restrictions on ownership and control.
College Comparison based on Courses, Placement, Rank, Fee
Application | Cutoff | Selection Process | Preparation Tips | Eligibility | Exam Pattern | Admit Card
Question : Which among the following was set up in 1956 by the Indian Government by nationalising all the existing private sector life insurance companies?
Option 1: United India Insurance Company Limited
Option 2: General Insurance Corporation of India
Option 3: New India Assurance Company Limited
Option 4: Life Insurance Corporation of India
Question : Which constitutional amendment act of India reduced the voting age from 21 years to 18 years?
Option 1: 42nd Amendment Act
Option 2: 61st Amendment Act
Option 3: 74th Amendment Act
Option 4: 83rd Amendment Act
Question : Which of the following amendment acts included Fundamental Duties in the Constitution of India?
Option 1: 40th Amendment Act
Option 2: 42nd Amendment Act
Option 3: 41st Amendment Act
Option 4: 39th Amendment Act
Question : Which Constitutional Amendment Act deals with the disqualification of MPs and MLAs?
Option 2: 52nd Amendment Act
Option 3: 62nd Amendment Act
Option 4: 32nd Amendment Act
Question : Which Constitutional Amendment Act included Fundamental Duties in the Indian Constitution?
Option 1: Twenty-second Amendment Act
Option 2: Forty-second Amendment Act
Option 3: Fifty-second Amendment Act
Option 4: Thirty-second Amendment Act
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile