Question
Accountancy Question on Basics of Accounting
The insurance business in India is governed by :
A. The Insurance Act, 1938
B. The Life Insurance Corporation Act, 1956
C. The Marine Insurance Act, 1963
D. The General insurance Business (Nationalization) Act, 1972
E. Insurance Regulatory and Development Authority Act, 1999.
Choose the correct answer from the options given below:
A
A, B, and C Only
B
A, B, C and E Only
C
A, B, D, and E Only
D
A, B, C, D and E Only
Answer
A, B, C, D and E Only
Explanation
Solution
The correct answer is (D) : A, B, C, D and E Only.