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 India Insurance Company Limited are located at Chennai. Which of the statements given above are correct

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2006

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 India Insurance Company Limited are located at Chennai. Which of the statements given above are correct?

(a)

1, 2 and 3

(b)

1 and 2, only

(c)

2 and 3, only

(d)

1 and 3, only

Correct Answer

(c)

Explanation

Statements 2 and 3 are correct: NIC was nationalized in 1972, and UIICL is headquartered in Chennai.