Consider the following statement: 1. GIC was formed in November 1972. 2. The 107 private companies operating in the field were grouped together into four - National Insurance Company, United India Insurance Company, Oriental Insurance Company and New India Assurance Company. Choose the incorrect statement.

Consider the following statement:
1. GIC was formed in November
1972.
2. The 107 private companies
operating in the field were
grouped together into four -
National Insurance Company,
United India Insurance Company,
Oriental Insurance Company and
New India Assurance Company.
Choose the incorrect statement.

1). 1 only
2). 2 only
3). 1 and 2
4). None of the Above

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