Which of the following statements is/are correct about the Deposit Insurance and Credit Guarantee Corporation (DICGC)? 1. It is a wholly owned subsidiary of Reserve Bank of India established for the purpose of providing insurance of deposits and guaranteeing of credit facilities. 2. DICGC covers depositors of all commercial banks and Non-Banking Financial Companies(NBFCs) regulated by the RBI. 3. Insurance limit for each depositor in a bank is capped at Rs.2 lakhs, excluding both interest amounts. 4. The deposit insurance scheme optional for all banks and NBFCs and the premium charged by the DICGC is based on differential risk based on the lending practices of the bank. Select the correct answer using the codes given below: - Study24x7
Social learning Network
UPSC & State PSC
1010 followers study24x7 29 Jan 2021 03:45 PM study24x7 study24x7

Which of the following statements is/are correct about the Deposit Insurance and Credit Guarantee Corporation (DICGC)? 1. It is a wholly owned subsidiary of Reserve Bank of India established for the purpose of providing insurance of deposits and guaranteeing of credit facilitie...

See more

A

1 only

B

1 and 2 only

C

1, 2 and 3 only

D

1, 2, 3 and 4

UPSC Public Sector Jobs Arts
Like Comment Share
study24x7
Write a comment
Related Questions
500+   more Questions to answer

Popular Courses

Reasoning Special by Parwez Sir for... All Levels हिन्दी By Reasoning special by Parwez Alam
Online Free SSC Mock Tests All Levels English By Topline Coaching
FREE MOCK TEST FOR SSC CGL All Levels English By SSC Preparation Strategies & Study ...
GS 300 : Crash Course for BPSC & UP... Intermediate Level हिन्दी By Observer IAS 13,000 18,000 28% off
G.S. Foundation Premium Course All Levels हिन्दी By RAU IAS COACHING 2,199 4,199 48% off
Math Special Course for SSC CGL, CP... All Levels हिन्दी By Topline Coaching 999 1,499 33% off
SSC CGL, CPO, CHSL, GD Comprehensiv... All Levels English By Topline Coaching 3,999 5,499 27% off
English Special Course for SSC CGL,... All Levels English By Topline Coaching 999 1,499 33% off
Featured Courses
Popular Pages

Featured Courses

BESTSELLER
Reasoning Special by Parwez Sir for all Government... All Levels हिन्दी By Reasoning special by Parwez Alam
FREE
5.0
GS 300 : Crash Course for BPSC & UPPSC Mains & PT Intermediate Level हिन्दी By Observer IAS 13,000 5.0
BESTSELLER
SSC CGL, CPO, CHSL, GD Comprehensive Course All Levels English By Topline Coaching 3,999 5.0
G.S. Foundation Premium Course All Levels हिन्दी By RAU IAS COACHING 2,199 5.0
English Special Course for SSC CGL, CPO, GD All Levels English By Topline Coaching 999 5.0
Online Free SSC Mock Tests All Levels English By Topline Coaching
FREE
4.5
Math Special Course for SSC CGL, CPO, GD All Levels हिन्दी By Topline Coaching 999 5.0

Popular Pages

SAT (Scholastic Assessment Test)

18 followers

Reasoning special by Parwez Alam

148 followers

Study24x7

1225 followers

Henry Harvin

60 followers

CBSE Study Materials

86 followers

Get the App

Download the Study24x7 App, so you can connect and collaborate.

study24x7
study24x7
Most Related Articles