Economics · Economy
Consider the following statements regarding the Deposit Insurance system in India: I. It provides protection to depositors against loss of bank deposits up to a specified limit. II. It also covers inter-bank deposits and institutional deposits without restriction. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither I nor II
- 2Both I and II
- 3II only
- 4I only✓
Correct answer
I only
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