Statement:The Insurance Act, 1938, and its amendment in 1950 have provided the regulatory frame work for insurance business in India. Conclusions :I. The Insurance Act can be amended.II. The Insurance Act can be amended only after 12 years.

if neither I nor II follows, and

Statement:The Insurance Act, 1938, and its amendment in 1950 have pro

1.	Statement:The Insurance Act, 1938, and its amendment in 1950 have provided the regulatory frame work for insurance business in India. Conclusions :I. The Insurance Act can be amended.II. The Insurance Act can be amended only after 12 years.
A.	if only conclusion I follows
B.	if only conclusion II follows
C.	if either I or II follows
D.	if neither I nor II follows, and
E.	if both I and II follow
Answer» E. if both I and II follow

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Statement:The Insurance Act, 1938, and its amendment in 1950 have provided the regulatory frame work for insurance business in India. Conclusions :I. The Insurance Act can be amended.II. The Insurance Act can be amended only after 12 years.

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