2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In Banking Sector, what is the full form of DICGC?
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Deposit Information and Credit Guideline Corporation
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Deposit Insurance and Credit Guarantee Corporation
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Deposit Insured Credential General Corporation
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Deposited Information and Credited Guarantee Corporation
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Explanation:
Detailed explanation-1: -Deposit Insurance. A Guide to the deposit insurance and credit guarantee corporation (DICGC)
Detailed explanation-2: -Each depositor in a bank is insured upto a maximum of 5, 00, 000 (Rupees Five Lakhs) for both principal and interest amount held by him in the same right and same capacity as on the date of liquidation/cancellation of bank’s licence or the date on which the scheme of amalgamation/merger/reconstruction comes into force.
Detailed explanation-3: -About DICGC DICGC insures all the banks functioning in India and the current chairperson in Michael Patra who is a deputy governor of the RBI.
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