Deposit Insurance and Credit Guarantee Corporation ( DICGC) is a subsidiary of ________ A. RBI B. IDBI C. 34 Government of India owned / controlled institutions D. None of the Above

1 Answer

Answer :

A. RBI Explanation: Deposit Insurance and Credit Guarantee Corporation ( DICGC) is a subsidiary of Reserve Bank of India. It was established under Deposit Insurance and Credit Guarantee Corporation Act, 1961 for the purpose of providing insurance of deposits and guaranteeing of credit facilities.  DICGC insures all bank deposits, such as saving, fixed, current, recurring deposits for up to the limit of Rs. 100,000 of each deposits in a bank.

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Description : Currently Small Industries Development Bank of India(SIDBI) is a wholly owned subsidiary of _______ A. RBI B. IDBI C. 34 Government of India owned / controlled institutions D. None of the Above

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Description : _________ are safer than Post Office Schemes as that are covered by the Deposit Insurance and Credit Guarantee Corporation(DICGC) A. Fixed Deposit B. Demand Deposit C. Flexi-Fixed Deposit D. All of the Above

Last Answer : A. Fixed Deposit Explanation: Fixed Deposit investments are safer than Post Office Schemes as they are covered by the Deposit Insurance and Credit Guarantee Corporation (DICGC).

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Description : The National Housing Bank was set up in India as a wholly-owned subsidiary of which bank? -General Knowledge

Last Answer : answer:

Description : The National Housing Bank was set up in India as a wholly-owned subsidiary of which bank? -General Knowledge

Last Answer : answer:

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Last Answer : Feel Free to Answer

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