2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Who acts as the Chairman of Board of Directors of DICGC?
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Governor of RBI
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Deputy Governor of RBI
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Appointed by Central Government
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Chairman of NABARD
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Explanation:
Detailed explanation-1: -JAGDISH CAPOOR Deputy Governor, Reserve Bank of India, Mumbai. Nominated by the Reserve Bank of India under Section 6(1)(b) of the Deposit Insurance and Credit Guarantee Corporation Act, 1961. B. S.
Detailed explanation-2: -The DICGC insures principal and interest upto a maximum amount of five lakhs. For example, if an individual had an account with a principal amount of 4,95,000 plus accrued interest of 4,000, the total amount insured by the DICGC would be 4,99,000.
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