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The corporation operates under which statute?
ADICGC Act, 1949
BDICGC Act, 1934
CDICGC Act, 1881
DDICGC Act, 1961
Answer & Solution
Correct answer: D. DICGC Act, 1961
1. The Act defines eligible co-operative banks in section 2.
2. Section 18A governs banks under All-Inclusive Directions.
3. The statute is the DICGC Act, 1961.
_Source: DICGC, Guide to Deposit Insurance_
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