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

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

Answer:

(c)

Explanation

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