In pursuance of which one of the following was the General Insurance Corporation of India formed?

a. General Insurance Business (Nationalisation) Act, 1972

b. Insurance Act, 1938

c. Insurance Amendment Act, 2002

d. IRDA Act 1999

ANSWER: General Insurance Business (Nationalisation) Act, 1972

Explanation:

The entire general insurance business in India was nationalised by the Government of India through the General Insurance Business (Nationalisation) Act of 1972.