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India was which country in the world to insure bank deposits?
AThe eleventh
BThe second
CThe seventh
DThe eighth
Answer & Solution
Correct answer: B. The second
1. The United States introduced its scheme in 1933.
2. India followed in 1962.
3. That made India the second country to do so.
_Source: Deposit Insurance and Credit Guarantee Corporation, Guide to Deposit Insurance and depositor FAQs_
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