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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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