50%
85%
99.40%
100%
Answer is Right!
Answer is Wrong!
The correct answer is C. 99.40%.
New India Assurance Company Limited (NIACL) is an Indian multinational general insurance company headquartered in New Delhi. It is the largest general insurance company in India in terms of gross premium written. The company was founded in 1919 and is owned by the Government of India. As of 31 March 2022, the Government of India held 99.40% of the shares in NIACL.
The other options are incorrect. Option A is incorrect because the Government of India does not own 50% of the shares in NIACL. Option B is incorrect because the Government of India does not own 85% of the shares in NIACL. Option D is incorrect because the Government of India does not own 100% of the shares in NIACL.