GOI to Infuse Rs 3000 cr. into State Owned General Insurance Companies

Current Context: The Ministry of Finance, GOI has announced to infuse Rs 3000 crore into state-owned general insurance companies in the current quarter.

• This will lead to improving the financial status of these general insurance companies.
• Last year, the union cabinet had approved the proposal to provide capital support to National Insurance, Oriental Insurance and United India Insurance.
• Also, the union cabinet announced to boost the authorised share capital of National Insurance Company Limited (NICL) to Rs 7,500 crore and that of United India Insurance Company Limited (UIICL) and Oriental Insurance Company Limited (OICL) to Rs 5000 crore each.
• The infusion of Rs 3000 crore will be done after the supplementary demands for grants is passed by Parliament which will reconvene on 8th March 2021.
• This capital infusion will enable the three public sector insurance companies to improve solvency and financial position of general insurance companies.
• Due to this the companies will be able to sustain the insurance needs of the economy, improvement in the risk management and increase their capacity resources.
• Static Part: 
• Union Finance Minister: Nirmala Sitharaman

Question: 

Q.1 Recently, Ministry of Finance, GOI has announced to infuse Rs ______ into state-owned general insurance companies in the current quarter?
a. Rs 4000 crore
b. Rs 3500 crore
c. Rs 3000 crore
d. Rs 2000 crore