Multiple choice

Directions: Select the correct alternative from the given choices.

Which of the following financial institutions celebrated its 50th year of formation in 2006?

  1. UTI

  2. LIC

  3. GIC

  4. NABARD

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Life Insurance Corporation (LIC) was established in 1956 and celebrated its 50th year of formation in 2006. It is India's largest state-owned insurance company. UTI was established in 1964, GIC in 1972, and NABARD in 1982, making them younger than 50 years in 2006.