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IBPS RRB Officer Scale 1 Deposit Insurance — practice questions — page 3

Explore 66 free Deposit Insurance questions in IBPS RRB Officer Scale 1 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 61–66 of 66.

True or false about deposit insuranceRead the answer and worked solution →Order a claim after a bank failsRead the answer and worked solution →Fill the gaps in the cover rulesRead the answer and worked solution →Sort each deadline by what it governsRead the answer and worked solution →Spot the one that does not fitRead the answer and worked solution →Pick the right answer, quicklyRead the answer and worked solution →

Worked practice questions

True or false about deposit insurance

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Questions
  1. Statement is true
    No
    Statement
    The depositor pays the insurance premium.
  2. Statement is true
    Yes
    Statement
    All co-operative banks are covered today.
  3. Statement is true
    No
    Statement
    A bank may withdraw from the scheme.
  4. Statement is true
    Yes
    Statement
    Branches of one bank are counted together.
  5. Statement is true
    Yes
    Statement
    Two different banks give two separate covers.
  6. Statement is true
    No
    Statement
    A bank cannot set off its dues first.
Instructions
Decide whether each statement is true or false.
_Source: Deposit Insurance and Credit Guarantee Corporation, Guide to Deposit Insurance and depositor FAQs_

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Order a claim after a bank fails

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Steps
  1. The bank goes into liquidation
  2. A liquidator is appointed
  3. A depositor wise list is drawn
  4. The list reaches the DICGC
  5. The DICGC pays the liquidator
  6. Depositors receive their money
Instructions
Tap the steps in the order they happen.
_Source: Deposit Insurance and Credit Guarantee Corporation, Guide to Deposit Insurance and depositor FAQs_

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Fill the gaps in the cover rules

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Missing parts
  1. Answer
    five
    Choices
    1. five
    2. four
    3. nine
  2. Answer
    interest
    Choices
    1. interest
    2. instalment
    3. increment
  3. Answer
    bank
    Choices
    1. bank
    2. depositor
    3. government
  4. Answer
    90
    Choices
    1. 90
    2. 45
    3. 30
Complete the statement
Each depositor is insured up to {0} lakh rupees for principal and {1}. Premium is paid by the {2}. Claims under All-Inclusive Directions settle within {3} days.
Instructions
Tap a word to drop it into the empty slot.
_Source: Deposit Insurance and Credit Guarantee Corporation, Guide to Deposit Insurance and depositor FAQs_

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