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Which institution is NOT insured by the DICGC?
APublic commercial bank
BPrimary co-operative society
CPrimary co-operative bank
DPrivate commercial bank
Answer & Solution
Correct answer: B. Primary co-operative society
1. All co-operative banks are covered at present.
2. So are all commercial banks.
3. A primary co-operative society is not a bank and is not insured.
_Source: DICGC, Guide to Deposit Insurance_
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