Banking Awareness - Banking Acts, Reforms & Risk Management
Deposit insurance under DICGC mainly helps in preventing:
Deposit insurance under DICGC mainly helps in preventing:
medium Q10 of 15
Step-by-Step Solution
Step 1: Understand behavioural impact
Insurance reassures depositors.Step 2: Identify prevented risk
It discourages sudden mass withdrawals.Final Answer:
Panic withdrawal by depositors → Option DQuick Check:
Insurance reduces bank runs ✅
Quick Trick: Insurance = protection from bank runs.
Common Mistakes:
MISTAKES- Believing deposit insurance removes all banking risks.
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