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The Deposit Insurance Corporation began functioning on:
AJanuary 1, 1962
BJanuary 1, 1972
CJanuary 1, 1982
DJanuary 1, 1992
Answer & Solution
Correct answer: A. January 1, 1962
1. The Bill received the President's assent in December 1961.
2. The Corporation started work soon after.
3. It commenced on January 1, 1962.
_Source: Deposit Insurance and Credit Guarantee Corporation, Guide to Deposit Insurance and depositor FAQs_
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