As per Budget 2020 Government has decided to raise capital in LIC It will done through which method ........

Finance Public Finance The union budget

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As per Budget 2020, Government has decided to raise capital in LIC. It will done through which method?

IPO

FPO

Issuing Bonds

None of the above

Explanation:

With an aim to raise resources, the Life Insurance Corporation of India (LIC), which has been used by the government for various kinds of bailout, will be asked to go public. The government has decided to list LIC on the stock exchanges in FY2021. The initial public offering (IPO) of LIC could be one of the biggest in recent times. In addition, the government will also sell its entire stake in IDBI Bank.