Important Banking Awareness Quizzes (Topic Wise) for Upcoming IBPS Exams 2017

July 2, 2017    

Important Banking Awareness Quizzes (Topic Wise) for Upcoming IBPS Exams 2017
Important Banking Awareness Quizzes (Topic Wise) for Upcoming IBPS Exams 2017:
Dear Readers, Here we have provided the Important Banking Awareness Quizzes based on particular topic, which will help to understand and prepare in a better way. Candidates those who are preparing for upcoming IBPS Exams 2017 can make use of it.



Deposit Insurance and Credit Guarantee Corporation (DICGC)




1. What does C stands for in DICGC?__________.
1).DICGC - Deposit Insurance and Credit Guarantee Corporation. In the event of a bank failure, DICGC protects bank deposits that are payable in India.
Answer: C

2. In which year DICGC was established?

2). DICGC was established on 15th July 1978.
Answer: D

3. DICGC was under __________ Act, for the purpose of providing insurance of deposits and guaranteeing of credit facilities.
3). It was established on 15 July 1978 under Deposit Insurance and Credit Guarantee Corporation Act, 1961 for the purpose of providing insurance of deposits and guaranteeing of credit facilities.
Answer: B

4. Where is the Headquarter of DICGC located?
4).
Answer: B

5. DICGC is a subsidiary of __________.
5). Deposit Insurance and Credit Guarantee Corporation (DICGC) is a subsidiary of Reserve Bank of India.
Answer: B

6. The organizations __________ and __________ were merged to form DICGC.
6). With a view to integrating the functions of deposit insurance and credit guarantee , Deposit Insurance Corporation (DIC) and Credit Guarantee Corporation of India Ltd. (CGCI) . were merged and the present Deposit Insurance and Credit Guarantee Corporation (DICGC) came into existence on July 15, 1978. Consequently, the title of Deposit Insurance Act, 1961 was changed to ‘The Deposit Insurance and Credit Guarantee Corporation Act, 1961’.
Answer: E

7. __________ acts as the Chairman of Board of Directors of DICGC?
7).
Answer: D

8. Among the following which bank is insured by DICGC?
8).
Answer: E

9. Among the following which Co-Operative bank is insured by DICGC?
9). Primary Co-Operative Societies are not insured by DICGC.
Answer: E

10. Which of the following deposits is insured by DICGC?
10).
Answer: E

11. What is Reserve Bank of India (RBI)′s stake in DICGC?
11).
Answer: D

12. __________ is the authorized capital of DICGC?
12). The authorized capital of the Corporation is 50 crore, which is fully issued and subscribed by the Reserve Bank of India (RBI).
Answer: A

13. The maximum deposit amount insured by the DICGC is Rs __________. span>
13).Each depositor in a bank is insured up to a maximum of Rs.1,00000 for both principal and interest.
Answer: B

14. Which of the following statement is false regarding DICGC?
14). Primary Co-Operative Societies and Deposit received outside India are not insured but Inter – bank deposits are insured.
Answer: E

15.Which of the following State/ UT Co-Operative banks is not covered by the DICGC’s insurance scheme?
15). All Co-Operative banks other than those from Meghalaya, Chandigarh, Lakshadweep and Dadra and Nagar Haveli are covered under the deposit insurance system of DICGC.
Answer: E



        

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Important Banking Awareness Quizzes (Topic Wise) for Upcoming IBPS Exams 2017 4.5 5 Yateendra sahu July 2, 2017 Important Banking Awareness Quizzes (Topic Wise) for Upcoming IBPS Exams 2017 : Dear Readers, Here we have provided the Important Banking ...


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