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Deposit Insurance under DICGC is mainly intended to protect:

easy Q11 of 15
Banking Awareness - Banking Acts, Reforms & Risk Management
Deposit Insurance under DICGC is mainly intended to protect:
ABank depositors
BShareholders of banks
CBank employees
DBorrowers of banks
Step-by-Step Solution

  1. Step 1: Identify the purpose of deposit insurance

    The scheme is designed to ensure safety of public money kept in banks.

  2. Step 2: Match the beneficiary

    Only depositors receive protection if a bank fails.

  3. Final Answer:

    Bank depositors → Option A

  4. Quick Check:

    DICGC = depositor protection, not shareholder benefit ✅
Quick Trick: Deposits at risk → DICGC protects depositors.
Common Mistakes:
MISTAKES
  • Assuming DICGC protects banks or shareholders instead of depositors.
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