JKSSB Mock Tests

On 11 August 2021, the General Insurance Business (Nationalisation) Amendment Bill, 2021 was passed by the Parliament and it amended the .

A. Life Insurance (Nationalisation) Act, 1975
B. General Business (Nationalisation) Act, 1970
C. Motor Insurance (Nationalisation) Act, 1980
D. General Insurance Business (Nationalisation) Act, 1972
Answer: Option D
Solution (By JKSSB Mock Tests Team)
The 2021 amendment modified the General Insurance Business (Nationalisation) Act of 1972 to allow for greater private sector participation in public sector insurance companies.
This Question Belongs to: General knowledge mcqs Polity set 1

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