The correct answer is: A. 1948
The General Insurance Corporation of India (GIC) is an Indian government-owned general insurance company. It was established on 1 January 1948, as a result of the nationalisation of the general insurance industry in India. GIC is the largest general insurance company in India, with a market share of over 60%. It offers a wide range of general insurance products, including fire, marine, motor, health, and personal accident insurance.
Option B is incorrect because the General Insurance Corporation of India was established in 1948, not 1956.
Option C is incorrect because the General Insurance Corporation of India was established in 1948, not 1972.
Option D is incorrect because the General Insurance Corporation of India was established in 1948, not 1974.