UPSC Exam  >  UPSC Questions  >   Consider the following pairs:1. Deposit Insu... Start Learning for Free
Consider the following pairs:
1. Deposit Insurance Fund: Provides insurance to bank depositors in the event of a bank failure.
2. Credit Guarantee Fund: Guarantees repayment to creditors if debtors fail to repay their debts.
3. General Fund: Covers the operational expenses of commercial banks.
4. Premium Rate: Uniform rate of 15 paise per Rs 100 insured for all banks.
How many pairs given above are correctly matched?
  • a)
    Only one pair
  • b)
    Only two pairs
  • c)
    Only three pairs
  • d)
    All four pairs
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Consider the following pairs:1. Deposit Insurance Fund: Provides insu...
1. Deposit Insurance Fund: Correctly matched. This fund provides insurance to bank depositors in the event that a bank fails financially and cannot pay its depositors.
2. Credit Guarantee Fund: Correctly matched. This fund guarantees specific remedies to creditors if their debtors fail to repay their debts.
3. General Fund: Incorrectly matched. The General Fund does not cover the operational expenses of commercial banks; it covers the operational expenses of the DICGC itself.
4. Premium Rate: Incorrectly matched. The uniform premium rate is 12 paise per Rs 100 insured, not 15 paise. The insurance premium rate has been increased to 15 paise, but this is a separate fact from the current uniform rate.
Thus, the correct pairs are 1 and 2. Hence, only two pairs are correctly matched.
View all questions of this test
Explore Courses for UPSC exam

Similar UPSC Doubts

Top Courses for UPSC

Consider the following pairs:1. Deposit Insurance Fund: Provides insurance to bank depositors in the event of a bank failure.2. Credit Guarantee Fund: Guarantees repayment to creditors if debtors fail to repay their debts.3. General Fund: Covers the operational expenses of commercial banks.4. Premium Rate: Uniform rate of 15 paise per Rs 100 insured for all banks.How many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'B'. Can you explain this answer?
Question Description
Consider the following pairs:1. Deposit Insurance Fund: Provides insurance to bank depositors in the event of a bank failure.2. Credit Guarantee Fund: Guarantees repayment to creditors if debtors fail to repay their debts.3. General Fund: Covers the operational expenses of commercial banks.4. Premium Rate: Uniform rate of 15 paise per Rs 100 insured for all banks.How many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following pairs:1. Deposit Insurance Fund: Provides insurance to bank depositors in the event of a bank failure.2. Credit Guarantee Fund: Guarantees repayment to creditors if debtors fail to repay their debts.3. General Fund: Covers the operational expenses of commercial banks.4. Premium Rate: Uniform rate of 15 paise per Rs 100 insured for all banks.How many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following pairs:1. Deposit Insurance Fund: Provides insurance to bank depositors in the event of a bank failure.2. Credit Guarantee Fund: Guarantees repayment to creditors if debtors fail to repay their debts.3. General Fund: Covers the operational expenses of commercial banks.4. Premium Rate: Uniform rate of 15 paise per Rs 100 insured for all banks.How many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Consider the following pairs:1. Deposit Insurance Fund: Provides insurance to bank depositors in the event of a bank failure.2. Credit Guarantee Fund: Guarantees repayment to creditors if debtors fail to repay their debts.3. General Fund: Covers the operational expenses of commercial banks.4. Premium Rate: Uniform rate of 15 paise per Rs 100 insured for all banks.How many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Consider the following pairs:1. Deposit Insurance Fund: Provides insurance to bank depositors in the event of a bank failure.2. Credit Guarantee Fund: Guarantees repayment to creditors if debtors fail to repay their debts.3. General Fund: Covers the operational expenses of commercial banks.4. Premium Rate: Uniform rate of 15 paise per Rs 100 insured for all banks.How many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following pairs:1. Deposit Insurance Fund: Provides insurance to bank depositors in the event of a bank failure.2. Credit Guarantee Fund: Guarantees repayment to creditors if debtors fail to repay their debts.3. General Fund: Covers the operational expenses of commercial banks.4. Premium Rate: Uniform rate of 15 paise per Rs 100 insured for all banks.How many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Consider the following pairs:1. Deposit Insurance Fund: Provides insurance to bank depositors in the event of a bank failure.2. Credit Guarantee Fund: Guarantees repayment to creditors if debtors fail to repay their debts.3. General Fund: Covers the operational expenses of commercial banks.4. Premium Rate: Uniform rate of 15 paise per Rs 100 insured for all banks.How many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Consider the following pairs:1. Deposit Insurance Fund: Provides insurance to bank depositors in the event of a bank failure.2. Credit Guarantee Fund: Guarantees repayment to creditors if debtors fail to repay their debts.3. General Fund: Covers the operational expenses of commercial banks.4. Premium Rate: Uniform rate of 15 paise per Rs 100 insured for all banks.How many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following pairs:1. Deposit Insurance Fund: Provides insurance to bank depositors in the event of a bank failure.2. Credit Guarantee Fund: Guarantees repayment to creditors if debtors fail to repay their debts.3. General Fund: Covers the operational expenses of commercial banks.4. Premium Rate: Uniform rate of 15 paise per Rs 100 insured for all banks.How many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice UPSC tests.
Explore Courses for UPSC exam

Top Courses for UPSC

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev