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Banking Sample Paper SBI Clerk Grade (Main) Sample Test Paper-3

  • question_answer
    Which of the following shareholder category has a majority stake in the capital of 'The Oriental Insurance Company Limited'?

    A)  Banks/Mutual Funds

    B)  Life Insurance Corporation of India

    C)  Corporates and Individuals

    D)  Central Government

    E)  Foreign Institutional Investors

    Correct Answer: D

    Solution :

     The Oriental Insurance Company Ltd was a subsidiary of 'Life Insurance Corporation of India' from 1956 to 1973 (till the General Insurance Business was nationalized in the country). In 2003 all shares of the company held by the General Insurance Corporation of India was transferred to Central Government.


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