Question

Which of the following is true about GIC's handling of non-reciprocal inwards into India?

a.

GIC handled all non-reciprocal inwards into India through a division styled SWIFT, on behalf of itself and the four companies.

b.

GIC did not handle any non-reciprocal inwards into India after nationalisation.

c.

SWIFT is an acronym for "Single Window Indian Facultative and Treaty".

d.

GIC only handled reciprocal inwards into India.

Posted under IC85 Reinsurance Management

Answer: (a).GIC handled all non-reciprocal inwards into India through a division styled SWIFT, on behalf of itself and the four companies. Explanation:GIC handled all non-reciprocal inwards into India through a division styled SWIFT, on behalf of itself and the four companies. SWIFT is an acronym for "Single Window International Facultative and Treaty".

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Q. Which of the following is true about GIC's handling of non-reciprocal inwards into India?
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