New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Register

    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.

    Practice Next