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    Question

    In the flat-rate system of deposit insurance premium in

    India, how much premium was charged per ₹100 of assessable deposits?
    A 10 paise Correct Answer Incorrect Answer
    B 11 paise Correct Answer Incorrect Answer
    C 12 paise Correct Answer Incorrect Answer
    D 13 paise Correct Answer Incorrect Answer
    E 14 paise Correct Answer Incorrect Answer

    Solution

    Under the existing system introduced in 1962, the deposit insurance premium was charged at a flat rate of 12 paise per ₹100 of assessable deposits. This is now being replaced by a risk-based model.

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