Multiple choice

Life Insurance Corporation is an example of

  1. Statutory Companies

  2. Registered Companies

  3. Private Companies

  4. None of the above
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A Correct answer
Explanation

 Corporations created under the Special legislations of Parliament or State Legislatures are called statutory companies. Life Insurance Corporation of India is an example of a Statutory Company as it was created under a special legislation of Parliament. The act is Life Insurance Corporation of India, 1956.

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