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Consider the following statements.
1. DICGC was set up by merging the Deposit Insurance Corporation and the Credit Guarantee Corporation.
2. Today credit guarantee is the main function of deposit insurance and credit guarantee corporations.
Which of these statements is/are correct?
  • a)
    1 Only
  • b)
    2 Only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements.1. DICGC was set up by merging the D...
  • DICGC was set up by merging the Deposit Insurance Corporation (1962) and the Credit Guarantee Corporation (1971) in 1978. While
  • With the financial sector reforms undertaken in the 1990s, credit guarantees have been gradually phased and the focus of the Corporation is veering to its core function of Deposit Insurance objective of averting panics, reducing system risk and ensuring financial stability.
 
 
 
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Consider the following statements.1. DICGC was set up by merging the Deposit Insurance Corporation and the Credit Guarantee Corporation.2. Today credit guarantee is the main function of deposit insurance and credit guarantee corporations.Which of these statements is/are correct?a)1 Onlyb)2 Onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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