Question

What is the significance of the LIC Act 1956 regarding investment caps for LIC (Life Insurance Corporation of India)?

a.

LIC can invest up to 20% of the capital in a single company.

b.

LIC is not subject to any investment caps.

c.

LIC Act 1956 allows LIC to invest up to 30% of the capital in a single company.

d.

LIC can hold up to 25% stake in companies.

Answer: (d).LIC can hold up to 25% stake in companies. Explanation:The LIC Act 1956 allows LIC to hold up to 25% stake in companies. The government had proposed allowing LIC to invest up to 30% of the capital of a single company in the current financial year.

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Q. What is the significance of the LIC Act 1956 regarding investment caps for LIC (Life Insurance Corporation of India)?

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