Pick the right answer, quickly

Exercise and reference answers

Questions

1. Question

   Cover per depositor per bank:

   Choices

   1. One lakh
   2. Five lakh
   3. Ten lakh

   Correct choice

   Five lakh

2. Question

   The premium is borne by:

   Choices

   1. The bank
   2. The saver
   3. The RBI

   Correct choice

   The bank

3. Question

   Registration falls on missing premium for:

   Choices

   1. One period
   2. Three periods
   3. Five periods

   Correct choice

   Three periods

4. Question

   Claims under AID are settled within:

   Choices

   1. 45 days
   2. 60 days
   3. 90 days

   Correct choice

   90 days

5. Question

   The governing statute is of:

   Choices

   1. 1934
   2. 1949
   3. 1961

   Correct choice

   1961

Instructions

Tap the correct answer before the round moves on.

Explanation