Hello Aspirants,
Welcome to Banking Awareness Quiz in AffairsCloud.com. Here we are creating quiz covering important questions which are common for all the bank exams and other competitive exams.
- Which of the following bank is insured by the DICGC?
A. Commercial Banks
B. Foreign Banks
C. Local Area Banks
D. Regional Rural Banks
E. All of these
Answer & Explanation
E. All of these
Explanation:
Commercial Banks: All commercial banks including branches of foreign banks functioning in India, local area banks and regional rural banks are insured by the DICGC. - Which of the following is not insured by the DICGC?
A. Commercial Banks
B. Foreign Banks
C. Local Area Banks
D. Regional Rural Banks
E. Primary cooperative societies
Answer & Explanation
E. Primary cooperative societies
Explanation:
Primary cooperative societies is not insured by the DICGC. - The DICGC insures principal and interest up to a maximum amount of ______
A. Rs. 10 lakh
B. Rs. 5 lakh
C. Rs. 2 lakh
D. Rs. 1 lakh
E. None of these
Answer & Explanation
D. Rs. 1 lakh
Explanation:
The DICGC insures principal and interest up to a maximum amount of Rs. 1 lakh. - Deposit insurance premium is borne entirely by the _______
A. Insurance Company
B. ECGC
C. Insured Bank
D. All of these
E. None of these
Answer & Explanation
C. Insured Bank
Explanation:
Deposit insurance premium is borne entirely by the Insured Bank. - Which of the following insured bank can withdraw from the DICGC coverage?
A. Commercial Banks
B. Foreign Banks
C. Local Area Banks
D. Regional Rural Banks
E. No one
Answer & Explanation
E. No one
Explanation:
No. The deposit insurance scheme is compulsory and no bank can withdraw from it. - If you have deposits with more than _______ bank, deposit insurance coverage limit is applied separately to the deposits in each bank
A. One
B. Two
C. Three
D. Four
E. None of these
Answer & Explanation
A. One
Explanation:
If you have deposits with more than one bank, deposit insurance coverage limit is applied separately to the deposits in each bank - Which of the following account can be insured by DICGC?
A. Fixed Deposit
B. Current Account
C. Recurring Deposit
D. All of these
E. None of these
Answer & Explanation
D. All of these
Explanation:
The DICGC insures all deposits such as savings, fixed, current, recurring, etc., - Which of the following account can not be insured by DICGC?
A. Deposits of foreign Governments
B. Inter-bank deposits
C. Deposits of foreign Governments
D. Deposits of the State Land Development Banks with the State co-operative bank
E. All of these
Answer & Explanation
E. All of these
Explanation:
These are not insured by DICGC
Deposits of foreign Governments
Deposits of Central/State Governments
Inter-bank deposits
Deposits of the State Land Development Banks with the State co-operative bank. - DICGC can not insure any amount, which has been specifically exempted by the corporation with the previous approval of ________
A. SEBI
B. NABARD
C. RBI
D. All of these
E. None of these
Answer & Explanation
C. RBI
Explanation:
DICGC can not insure any amount, which has been specifically exempted by the corporation with the previous approval of RBI. - DICGC can not insure any amount due on account of any deposit received _______
A. Outside India
B. Outside Asia
C. Inside India
D. Inside Asia
E. None of these
Answer & Explanation
A. Outside India
Explanation:
DICGC can not insure any amount due on account of any deposit received Outside India.
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