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IBPS RRB Office Assistant Deposit Insurance — practice questions

Explore 66 free Deposit Insurance questions in IBPS RRB Office Assistant Banking Awareness. Open each question or exercise to read its content, reference answers and available explanation.

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Deposit Insurance questions and exercises with answers

Showing questions 1–30 of 66.

Which banks does the DICGC insure?Read the answer and worked solution →Fill in the deposit insurance coverRead the answer and worked solution →True or false: deposit insuranceRead the answer and worked solution →Match each deposit insurance factRead the answer and worked solution →Which of these is insured by the DICGC?Read the answer and worked solution →Which institution is NOT insured by the DICGC?Read the answer and worked solution →Which deposit is excluded from DICGC cover?Read the answer and worked solution →Deposits of which body are excluded from cover?Read the answer and worked solution →The maximum amount insured per depositor per bank is:Read the answer and worked solution →Deposits held in different branches of one bank are:Read the answer and worked solution →A depositor with 5 lakh principal finds their accrued interest is:Read the answer and worked solution →Deposits held at two different banks are:Read the answer and worked solution →If two banks holding a person's funds close on the same day, funds are:Read the answer and worked solution →Several savings and fixed accounts of one person at a bank are held in:Read the answer and worked solution →Joint accounts of A, B and C in the same order are treated as:Read the answer and worked solution →Before insurance is paid, a bank may set off its dues by way of:Read the answer and worked solution →The deposit insurance premium is paid by:Read the answer and worked solution →On liquidation the DICGC must pay the liquidator within:Read the answer and worked solution →The DICGC deals with depositors of a liquidated bank:Read the answer and worked solution →Membership of the deposit insurance scheme is:Read the answer and worked solution →Registration may be cancelled if a bank misses premium for:Read the answer and worked solution →Withdrawal of cover for premium default is announced through:Read the answer and worked solution →After registration is cancelled, deposits stay covered until the:Read the answer and worked solution →Claims of a bank under All-Inclusive Directions are settled within:Read the answer and worked solution →The insured bank must submit the depositor list under AID within:Read the answer and worked solution →The corporation operates under which statute?Read the answer and worked solution →Is the deposit insured by the DICGC?Read the answer and worked solution →Match each rule to its answerRead the answer and worked solution →True or false about deposit insuranceRead the answer and worked solution →Order a claim after a bank failsRead the answer and worked solution →

Worked practice questions

Which banks does the DICGC insure?

Read exercise and reference answers
Items
  1. Item
    Commercial banks
    Answer
    left
  2. Item
    RRBs
    Answer
    left
  3. Item
    Local area banks
    Answer
    left
  4. Item
    Co-operative banks
    Answer
    left
  5. Item
    Co-op society
    Answer
    right
Categories
Left
Insured
Right
Not insured
Instructions
Swipe left if the DICGC insures it, right if it does not.
_Source: DICGC Information Leaflet 2024 25, About Us_

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Fill in the deposit insurance cover

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Missing parts
  1. Answer
    5
    Choices
    1. 5
    2. 1
    3. 10
  2. Answer
    interest
    Choices
    1. interest
    2. penalty
    3. tax
  3. Answer
    bank
    Choices
    1. bank
    2. depositor
    3. government
Complete the statement
Each depositor in a bank is insured up to {0} lakh, covering both principal and {1}. The premium is paid by the {2}.
Instructions
Fill each blank to complete the deposit insurance rule.
_Source: DICGC Information Leaflet 2024 25, About Us_

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True or false: deposit insurance

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Questions
  1. Statement is true
    Yes
    Statement
    The cover applies separately to your deposits in each different bank.
  2. Statement is true
    No
    Statement
    A depositor pays the deposit insurance premium out of their own interest.
  3. Statement is true
    No
    Statement
    A bank may choose to opt out of the deposit insurance scheme.
  4. Statement is true
    Yes
    Statement
    Deposits kept in different branches of one bank are added together for the cover.
Instructions
Decide whether each statement about deposit insurance is true or false.
_Source: DICGC Information Leaflet 2024 25, About Us_

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