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Consider the following statements: 1. Life Insurance Corporation of India is the oldest insurance company in India. 2. National Insurance Company Limited was nationalized in the year 1972 and made a subsidiary of General Insurance Corporation of India. 3. Headquarters of United Indian Insurance Company Limited are located at Chennai. Which of the statements given above are correct?
2006Economy
Consider the following statements: 1. Life Insurance Corporation of India is the oldest insurance company in India. 2. National Insurance Company Limited was nationalized in the year 1972 and made a subsidiary of General Insurance Corporation of India. 3. Headquarters of United Indian Insurance Company Limited are located at Chennai. Which of the statements given above are correct?
2006Economy
A1, 2 and 3
B1 and 2 only
C2 and 3 only
D1 and 3 only
Explanation
The correct statements are: 2 and 3 only. National Insurance Company Limited was nationalized in 1972 and became a subsidiary of General Insurance Corporation of India. The headquarters of United Indian Insurance Company Limited is located in Chennai.