MC42 Which of the following is a government-backed scheme that provides insurance cover to depositors in case of bank failure?
A. Pradhan Mantri Jan Dhan Yojana
B. Atal Pension Yojana
C. Pradhan Mantri Suraksha Bima Yojana
D. Deposit Insurance Scheme
Answer:D
MC42 Which of the following is a government-backed scheme that provides insurance cover to depositors in case of bank failure?
A. Pradhan Mantri Jan Dhan Yojana B. Atal Pension Yojana C. Pradhan Mantri Suraksha Bima Yojana D. Deposit Insurance Scheme
Explanation: The Deposit Insurance Scheme is a government-backed scheme that provides insurance cover to depositors in case of bank failure. The scheme covers all commercial banks, including foreign banks operating in India, and provides insurance cover of up to Rs. 5 lakh per depositor per bank.