Home › SBI PO › Banking Awareness › Deposit Insurance › The DIC and the CGCI merged into the DICGC in:
The DIC and the CGCI merged into the DICGC in:
A1988
B1998
C1978
D1968
Answer & Solution
Correct answer: C. 1978
1. The merger integrated deposit insurance and credit guarantee.
2. The 1961 Act was renamed at the same time.
3. The DICGC came into existence in 1978.
_Source: Deposit Insurance and Credit Guarantee Corporation, Guide to Deposit Insurance and depositor FAQs_
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