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      Question

      With effect from February 4, 2020, the Deposit Insurance

      and Credit Guarantee Corporation (DICGC) increased the insurance cover for depositors in insured banks from โ‚น1 lakh to:
      A โ‚น2 lakh Correct Answer Incorrect Answer
      B โ‚น3 lakh Correct Answer Incorrect Answer
      C โ‚น4 lakh Correct Answer Incorrect Answer
      D โ‚น5 lakh Correct Answer Incorrect Answer
      E โ‚น6 lakh Correct Answer Incorrect Answer

      Solution

      With a view to providing a greater measure of protection to depositors in banks, DICGC raised the limit of insurance cover for depositors in insured banks from the earlier level of โ‚น1 lakh to โ‚น5 lakh per depositor with effect from 04.02. 2020.

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