Business Services-1 — OCM STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceOCMBusiness Services-12 Marks
Question
Why was insurance company nationalized in India ?
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Answer
During British Rule many foreign insurance companies entered insurance sector in India and because of allegations of unfair trade practices followed by them. In $1956$. $19^{\text {th}}$ January through vito power all life insurance companies were nationalize.
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