LIC was brought into existence by a Special Act of Parliament.

True

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False

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Solution

The correct option is A
True

True. LIC was brought into existence by a Special Act of Parliament.

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Similar questions

Which form of public sector bought into existence by a special act of the parliament?

Name the organisation formed by passing a special act of the parliament.

Identify the form of public sector enterprise in the following cases:

(a) This is the oldest and traditional form of public enterprise.

(b) Special act of the parliament brings this public enterprise into existence.

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