allery Start learning →

The deposit insurance premium is paid by:

AThe state

BThe auditor

CThe bank

DThe saver

Answer & Solution

Correct answer: C. The bank

1. The depositor is not asked to contribute. 2. The cover is a charge on the institution. 3. The insured bank bears the premium entirely. _Source: DICGC, Guide to Deposit Insurance_

Practise this question with Quill — IBPS Clerk →

Keep practising Deposit Insurance

Browse all Deposit Insurance questions for IBPS Clerk, or explore more Banking Awareness topics.

Start a Deposit Insurance lesson →

Related questions

Pick the right answer, quickly Spot the one that does not fit Sort each deadline by what it governs Fill the gaps in the cover rules Order a claim after a bank fails True or false about deposit insurance Match each rule to its number Is this deposit insured?