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Banking Awareness Quiz

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1. Deposit Insurance and Credit Guarantee Corporation Act was passed in….
1) 1985
2) 1991
3) 2001
4) 1961
5) 2002

2. To provide insurance of deposits and guaranteeing of credit facilities, Deposit Insurance and Credit Guarantee Corporation (DICGC) was established. It’s headquarters is at…...
1) Hyderabad
2) Kolkata
3) Pune
4) Bangalore
5) Mumbai

3. Authorised capital of DICGC is Rs.50 crore, which is fully issued and subscribed by ….
1) RBI
2) SBI
3) LIC
4) State government of Maharashtra
5) NABARD

4. The bank covered by the Deposit Insurance Scheme of DICGC is …..
1) Public sector banks
2) Private Sector banks
3) Foreign banks
4) Co-operative banks as defined in Section 2(gg) of the DICGC Act
5) All of the above

5. Insurance cover of Deposit Insurance and Credit Guarantee Corporation limited to…..
1) Rs.1,000
2) Rs.5,000
3) Rs.50,000
4) Rs.1,00,000
5) None

6. The deposits covered under the DICGC Act…..
1) Savings Account
2) Current Account
3) Fixed Deposit
4) Recurring Deposit
5) All of the above

7. The deposits not covered under DICGC Act is…..
1) Deposits of Central/ State governments
2) Inter-bank deposits
3) Any amount due on account of and deposit received outside India
4) Deposits of foreign governments
5) All of the above

8. Premium to be paid for insurance of bank deposits under Deposit Insurance and Credit Guarantee Corporation currently……
1) Deposits in rupees rounded to thousands X 0.05 / 100
2) Deposits in rupees rounded to thousands X 1.00 / 100
3) Deposits in rupees rounded to thousands X 0.50 / 100
4) Deposits in rupees rounded to thousandsX 02.00/ 100
5) None

9. Under DICGC Act, the insured bank is required to remit premium not later than the last day of May and each year…..
1) November
2) December
3) October
4) July
5) None

10. The concept of insuring deposits kept with banks received attention for the first time in the year 1948 after the banking crises in….
1) Karnataka
2) AP
3) Delhi
4) Ahmedabad
5) Bengal

 

ANSWER:-

1)4) 1961
2)5) Mumbai
3)1) RBI
4)5) All of the above
5)4) Rs.1,00,000
6)5) All of the above
7)5) All of the above
8)1) Deposits in rupees rounded to thousands X 0.05 / 100
9)1) November
10)5) Bengal

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