GK Quiz - Banking Awareness

1) DICGC stands for _______
A. Demand Insurance and Credit Guarantee Corporation
B. Demand Insured and Current Guarantee Corporation
C. Deposit Insured and Credit Guarantee Corporation
D. Detailed Insurance and Credit Guarantee Corporation
E. Deposit Insurance and Credit Guarantee Corporation


2) Which of the following is insured by the DICGC?
A. Commercial Banks
B. Foreign Banks in India
C. Local Area Banks
D. Regional Rural Banks
E. All of these

3) Which of the following Co-Operative Bank is insured by the DICGC?
A. State cooperative Banks
B. Central cooperative Banks
C. Urban cooperative Banks
D. Primary cooperative banks
E. All of these

4) Which of the following is not insured by the DICGC?
A. State cooperative Banks
B. Central cooperative Banks
C. Urban cooperative Banks
D. Primary cooperative societies
E. Primary cooperative banks

5)Which of the following State/UT is not covered by the deposit insurance system of DICGC?
A. Meghalaya
B. Chandigarh
C. Dadra and Nagar Haveli
D. Lakshadweep
E. All of these

6) In the event of a bank failure, which of the following protects bank deposits that are payable in India? A. RBI
B. GOI
C. IRDAI
D. DICGC
E. None of these

7) Which of the following deposits is insured by DICGC?
A. Fixed Deposit
B. Savings
C. Current
D. RD
E. All of these


8) Which of the following deposits is not insured by DICGC?
A. Deposits of foreign Governments
B. Deposits of Central/State Governments
C. Inter-bank deposits
D. All of these
E. None of these


9) Which of the following not insured any amount due on account of any deposit received outside India? A. RBI
B. GOI
C. IRDAI
D. DICGC
E. None of these

10) DICGC not insured any amount, which has been specifically exempted by the corporation with the previous approval of ________ A. RBI
B. GOI
C. IRDAI
D. DICGC
E. None of these

Answers:

1. E
2. E
3. E
4. D
5. E
6. D
7. E
8. D
9. D
10. A