📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

     IFSC Banking units are NOT covered under which of the

    following?
    A Deposit Insurance Scheme Correct Answer Incorrect Answer
    B Centralized Deposit Insurance Scheme Correct Answer Incorrect Answer
    C Foreign Exchange Management Act Correct Answer Incorrect Answer
    D Prevention of Money Laundering Act Correct Answer Incorrect Answer
    E Banking Regulation Act Correct Answer Incorrect Answer

    Solution

    IFSC Banking units are not covered under the Centralized Deposit Insurance Scheme. This indicates that deposits in IFSC Banking Units are not insured like those in domestic banks.

    Practice Next
    ask-question