Question
Consider the following regarding the DICGC: 1. It
is a fully owned subsidiary of the RBI. 2. It insures both principal and interest up to ₹5 Lakh. 3. It does not cover deposits of State Governments and Central Governments. Which of the statements above is/are correct?ÂSolution
DICGC covers all commercial, local area, and cooperative banks. Government and inter-bank deposits are specifically excluded.
Which is a standard security feature on the ₹500 and ₹2000 (now withdrawn) banknotes?
Last year, bad bank- NARCL was established. What does the “R” stand for in NARCL?
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........................................is a contractual agreement made between two parties, in which one party agrees to pay for potential losses or da...
Working Capital is calculated by?
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In conducting Open Market Operations (OMO), RBI targets to regulated-Â Â