Question

What distinguishes bank deposits from company deposits in terms of guarantees?

a.

Bank deposits are guaranteed by companies.

b.

Both bank and company deposits are covered by guarantees.

c.

Bank deposits are guaranteed by the Deposit Insurance and Credit Guarantee Corporation, while company deposits are not.

d.

Company deposits are guaranteed by the Deposit Insurance and Credit Guarantee Corporation, while bank deposits are not.

Posted under IC 89 Management Accounting

Answer: (c).Bank deposits are guaranteed by the Deposit Insurance and Credit Guarantee Corporation, while company deposits are not. Explanation:Bank deposits are covered by a guarantee from the Deposit Insurance and Credit Guarantee Corporation (DICGC) of India, while company deposits are not subject to any such guarantee.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. What distinguishes bank deposits from company deposits in terms of guarantees?
Add Comment

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What is the main purpose of a mutual fund?

View solution

Q. What is the role of unit-holders in a mutual fund?

View solution

Q. What risk factors are associated with mutual fund investments?

View solution

Q. How have Indian mutual funds been organized?

View solution

Q. What is the requirement for the relationship between the fund sponsor, trustees, custodian, and Asset Management Company in a mutual fund?

View solution

Q. What are some advantages of mutual funds?

View solution

Q. What risk factor is associated with mutual funds and securities investments?

View solution

Q. What types of ratios are used for evaluating the performance of mutual funds?

View solution

Q. What is the definition of AIF (Alternative Investment Fund)?

View solution

Q. What are some types or nature of AIFs?

View solution

Q. How can an AIF raise funds?

View solution

Q. What is the definition of a venture capital fund?

View solution

Q. What is the definition of a venture capital undertaking?

View solution

Q. What is the characteristic of Term Insurance plans?

View solution

Q. What is the purpose of Whole Life insurance policies?

View solution

Q. What is the primary purpose of an endowment life insurance policy?

View solution

Q. How is Group Insurance defined?

View solution

Q. How is the Gratuity Insurance Plan described?

View solution

Q. What is the characteristic of Ulip plans?

View solution

Q. How are Company Fixed Deposits different from Bank Fixed Deposits?

View solution
View All MCQs on IC 89 Management Accounting

Recommended Subjects

Are you eager to expand your knowledge beyond IC 89 Management Accounting? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!

Cell Biology

Delve into the fascinating world of Cell Biology with our specialized category....

Mass Transfer

Delve into the science of Mass Transfer with our specialized category. Explore...

Enzyme Technology

Unlock the power of enzymes with our Enzyme Technology category. Explore enzyme...

Basic Electrical Engineering

Master the fundamentals of Electrical Engineering with our specialized category....

Cognitive Radio

Step into the dynamic world of Cognitive Radio, where wireless communication meets...

Verbal Reasoning

Sharpen your logical thinking and reasoning abilities with our Verbal Reasoning...

Mechanics of Materials

Unlock the principles of Mechanics of Materials with our specialized category. Dive...

Logical Reasoning

Enhance your logical thinking and decision-making abilities with our Logical...

Verbal Ability

Hone your language and communication skills with our Verbal Ability category. Enhance...