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The DICGC may cancel registration if premium is unpaid for:
AEight periods
BEleven periods
CThree periods
DSeven periods
Answer & Solution
Correct answer: C. Three periods
1. Default in premium is the trigger.
2. The public is notified through newspapers.
3. Three consecutive periods of default suffice.
_Source: Deposit Insurance and Credit Guarantee Corporation, Guide to Deposit Insurance and depositor FAQs_
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