Banking Awareness

Static GK (MTS)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

The Union Budget, 2020-21, increased deposit insurance coverage for bank deposits

to Rs______ per depositor.

This questions was previously asked in

SSC MTS 22nd October 2021 Shift-2

1 lakh

2 lakh

5 lakh

3 lakh

- The Union Budget for 2020-21 increased the deposit insurance coverage for bank deposits.

- This coverage is the amount insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) on customer deposits.

- Option 1: 1 lakh - Previously, the insurance coverage was set at Rs 1 lakh per depositor.

- Option 2: 2 lakh - This was not the revised coverage amount in the 2020-21 budget.

- Option 3: 5 lakh - The coverage was increased to Rs 5 lakh per depositor, providing more security to bank customers.

- Option 4: 3 lakh - This amount was not part of the budget revision.