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IBPS RRB Officer Scale 2 Deposit Insurance — practice questions

Explore 4 free Deposit Insurance questions in IBPS RRB Officer Scale 2 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 1–4 of 4.

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 →

Worked practice questions

Which banks does the DICGC insure?

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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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