MC6 What is the maximum amount insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) in case of a bank failure?
A. Rs. 1 lakh
B. Rs. 2 lakhs
C. Rs. 5 lakhs
D. Rs. 10 lakhs
Answer:A
MC6 What is the maximum amount insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) in case of a bank failure?
A. Rs. 1 lakh B. Rs. 2 lakhs C. Rs. 5 lakhs D. Rs. 10 lakhs
Explanation: The maximum amount insured by the DICGC in case of a bank failure is Rs. 1 lakh per depositor, per bank.