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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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