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Question

In DICGC what does G stands for?

A Government Correct Answer Incorrect Answer
B Grievance Correct Answer Incorrect Answer
C Global Correct Answer Incorrect Answer
D Goods Correct Answer Incorrect Answer
E Guarantee Correct Answer Incorrect Answer

Solution

In “DICGC”, “G” stands for – Deposit Insurance and Credit Guarantee Corporation. It insures all types of deposits (e.g., Savings, Fixed, Recurring, etc.) with an insured bank but does not include deposits received from a foreign Government, the Central Government, a State Government, or another bank or any deposit received outside India.

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