Normal 0 MicrosoftInternetExplorer4 Match the following Normal 0 MicrosoftInternetExplorer4 Style D...........

Economic Affairs Financial Institutions

Match the following:

	Column I		Column II
A.	LIC	1.	The life insurance business/industry in the country was nationalized by the Government of India in 1956 and a fully government-owned company, the Life Insurance Corporation of India (LIC) was set up.
B.	IRDA	2.	The Insurance Regulatory and Development Authority (IRDA) was set up in 2000 (the Act was passed in 1999) with one chairman and five members
C.	AICIL	3.	The Agricultural Insurance Company of India Ltd. (AICIL) was set up in 2002 in the public sector to look after the National Agricultural Insurance Schemes (NAIS) of 1999.

A B C

1 2 3

A B C

3 2 1

A B C

2 3 1

A B C

3 1 2

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Explanation:

LIC- The life insurance business/industry in the country was nationalized by the Government of India in 1956 and a fully government-owned company, the Life Insurance Corporation of India (LIC) was set up.

IRDA- The Insurance Regulatory and Development Authority (IRDA) was set up in 2000 (the Act was passed in 1999) with one chairman and five members

AICIL- The Agricultural Insurance Company of India Ltd. (AICIL) was set up in 2002 in the public sector to look after the National Agricultural Insurance Schemes (NAIS) of 1999.