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.

1.	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.
A.	1 only
B.	2 only
C.	1 and 2
D.	None of the Above
Answer» E.