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Question Detail

Life Insurance Corporation (LIC) of India was established in ?

  • 1955
  • 1956
  • 1957
  • 1958

Answer: Option B

Explanation:

Life Insurance Corporation (LIC) of India was established in September 1956.

Similar Questions :

1. Who have written the book "Capital and Growth" ?

  • A. R. Rodon
  • Hicks
  • Adam Smith
  • Marshall

Answer: Option B

2. Industrial Credit and Investment Corporation of India (ICICI) was established in :

  • 1989
  • 1990
  • 1991
  • 1992

Answer: Option C

3. Abid Husain Committee is related to ?

  • Reform in taxes
  • Reform in government projects
  • Reform in small industries
  • Reform in middle level industries

Answer: Option C

4. Sales Tax is

  • Direct Tax
  • Indirect Tax
  • Tax imposed by central government
  • Tax imposed by state government

Answer: Option B

Explanation:

Direct Taxes are : Income Tax, Property Tax, Gift Tax etc.

Indirect Taxes are : Sales Tax, Excise Tax, Custom Duty etc.

5. The best indicator of economic development of any country is ?

  • Its agriculture
  • Its transport
  • Its gross production
  • Its per capita income

Answer: Option D

Read more from - Indian Economy Questions Answers
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