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The Union Cabinet has cleared the Deposit Insurance and Credit Guarantee Corporation (DICGC) Bill, 2021. This bill will allow depositors to withdraw up to _________________ in 90 days.

Current Affairs Quiz August 2021 . 2 years ago

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Who: Cabinet
What: clears amendment to DICGC Act
When: published on 28th July 2021

In a bid to ensure timely support to depositors of stressed banks, the Union Cabinet on Wednesday approved amendment to the DICGC Act to provide account holders access to up to Rs 5 lakh funds within 90 days of a bank coming under moratorium.

Finance Minister Nirmala Sitharaman in her Budget speech had announced that changes will be made to the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act, 1961.

Hence, the correct answer is option B. (Read more)
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Posted on 03 Jul 2022, this text provides information on Current Affairs Quiz related to August 2021. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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