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Question
The Deposit Insurance Corporation was set up in __________.
The Deposit Insurance Corporation was set up in __________.
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Solution
The correct option is B 1962
Deposit Insurance Corporation is a
corporation established by the Government of India on January 1, 1962. It was a consequence
of the enactment of the Deposit Insurance Corporation Act in 1961. Moreover, the
major objective of the DIC has been to provide necessary protection to
depositors by insurance of deposits and also guaranteeing of
credit facilities.
Thus, the correct answer is B.
Deposit Insurance Corporation is a corporation established by the Government of India on January 1, 1962. It was a consequence of the enactment of the Deposit Insurance Corporation Act in 1961. Moreover, the major objective of the DIC has been to provide necessary protection to depositors by insurance of deposits and also guaranteeing of credit facilities.
Thus, the correct answer is B.
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