New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    The Deposit Insurance and Credit Guarantee Corporation allowed the customers of failed/stressed banks to withdraw upto Rs 5 lakh of deposit under the moratorium period and this amount equals to __________ of the total deposits held with banks.

    A 20% Correct Answer Incorrect Answer
    B 30.5% Correct Answer Incorrect Answer
    C 40.8% Correct Answer Incorrect Answer
    D 50.9% Correct Answer Incorrect Answer
    E 80.3% Correct Answer Incorrect Answer

    Solution

    The Rs 5-lakh deposit insurance cover, which was last year raised from Rs 1 lakh, will address 98.3 per cent of all deposit accounts by number, and 50.9 per cent of deposits by value.

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