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Consider the following statements regarding the Emergency Credit Line Guarantee Scheme (ECLGS):
  1. It provides 100 percent guaranteed coverage to the banks to extend emergency credit to business entities.
  2. The Deposit Insurance and Credit Guarantee Corporation (DICGC) provides guarantees to the loans provided under ECLGS.
Which of the statements given above 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?
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Consider the following statements regarding the Emergency Credit Line Guarantee Scheme (ECLGS): It provides 100 percent guaranteed coverage to the banks to extend emergency credit to business entities. The Deposit Insurance and Credit Guarantee Corporation (DICGC) provides guarantees to the loans provided under ECLGS.Which of the statements given above 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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