Banking Awareness - Banking Acts, Reforms & Risk Management
The primary objective of deposit insurance under DICGC is to:
The primary objective of deposit insurance under DICGC is to:
easy Q1 of 15
Step-by-Step Solution
Step 1: Identify the core objective
DICGC was created to safeguard public deposits.Step 2: Link with depositor interest
Protection applies when a bank fails to repay depositors.Final Answer:
Protect depositors against bank failure → Option AQuick Check:
DICGC exists for depositor safety, not bank profits ✅
Quick Trick: If safety of deposits is mentioned, think DICGC.
Common Mistakes:
MISTAKES- Assuming deposit insurance supports banks directly.
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