In which year, General Insurance Corporation of India (GIC) was founded?

In which year, General Insurance Corporation of India (GIC) was founded?
[A]1971
[B]1972
[C]1973
[D]1974

1972
As per the General Insurance Business (Nationalisation) Act, 1972, the General Insurance Corporation of India (GIC) was founded in 1972 and has headquarters in Mumbai. It was formed to control and operate the business of general insurance in India.

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