RBI Grade B Officer (General / DEPR / DSIM) 2024 · Question 46 of 260

Which one of the following statements is/are correct about the Deposit Insurance and Credit Guarantee Corporation (DICGC)?

General Awareness

AA. All commercial banks including branches of foreign banks functioning in India, local area banks and regional rural banks are insured by the DICGC.
BB. At present all co-operative banks are covered by the DICGC, while the Primary cooperative societies are not insured by the DICGC.
CC. DICGC insures all deposits such as savings, fixed, current, recurring, etc.
DD. DICGC insures principal and interest up to a maximum amount of ₹ 5 lakhs.
EE. All of the aboveCorrect

Answer: E. E. All of the above

Official answer key verified. Detailed explanation coming soon.

Source: RBI Grade B Phase 1 recollected questions with answer key, 2021-2025 (EduTap compilation) · memory-based

Practice the full RBI Grade B Officer (General / DEPR / DSIM) 2024 paper

Timed test with all 260 questions, just like the real exam.

RBI Grade B Officer (General / DEPR / DSIM) 2024 · Question 46 of 260

General Awareness

AA. All commercial banks including branches of foreign banks functioning in India, local area banks and regional rural banks are insured by the DICGC.
BB. At present all co-operative banks are covered by the DICGC, while the Primary cooperative societies are not insured by the DICGC.
CC. DICGC insures all deposits such as savings, fixed, current, recurring, etc.
DD. DICGC insures principal and interest up to a maximum amount of ₹ 5 lakhs.
EE. All of the aboveCorrect

Official answer key verified. Detailed explanation coming soon.

Source: RBI Grade B Phase 1 recollected questions with answer key, 2021-2025 (EduTap compilation) · memory-based

Practice the full RBI Grade B Officer (General / DEPR / DSIM) 2024 paper

Timed test with all 260 questions, just like the real exam.