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Depositors of a deposit taking NBFC are covered by:
ANo insurance
BFull insurance
CHalf insurance
DPart insurance
Answer & Solution
Correct answer: A. No insurance
1. Bank depositors are covered by the DICGC to five lakh.
2. That facility does not extend to NBFCs.
3. So such depositors have no deposit insurance.
_Source: RBI, FAQs on Non-Banking Financial Companies_
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