Financial Awareness - Risk, Stability & Emerging Finance
Which of the following deposits is generally NOT covered under the Deposit Insurance and Credit Guarantee Corporation (DICGC) insurance scheme?
Which of the following deposits is generally NOT covered under the Deposit Insurance and Credit Guarantee Corporation (DICGC) insurance scheme?
medium Q6 of 15
Step-by-Step Solution
Step 1: Understand DICGC coverage
DICGC insures deposits of individuals and entities but excludes deposits of foreign governments.Step 2: Analyze options
Savings, Fixed, and Recurring Deposits are insured up to Rs. 5 lakh. Deposits of foreign governments are excluded.Final Answer:
Deposits of foreign governments → Option DQuick Check:
Deposits of foreign government = correct ✅
Quick Trick: DICGC excludes foreign government deposits
Common Mistakes:
- Assuming all deposits including foreign government deposits are insured.
Master "Risk, Stability & Emerging Finance" in Financial Awareness
Start learning the concept with an interactive lesson.
Want More Practice?
15+ quiz questions · All difficulty levels · Free
Free Signup - Practice All QuestionsMore Financial Awareness Quizzes