SSC CGL GK Questions 2026

The Deposit Insurance and Credit Guarantee Corporation (Amendment) Act, 2021 created an interim payment so that the depositors of a bank placed under all inclusive directions need not wait for the bank to be wound up.

The Act allows the Corporation, with the previous approval of the Reserve Bank of India, to raise the premium only as far as fifteen paise a year for every hundred rupees of assessable deposits, so fifteen paise is the statutory ceiling.

With effect from 1 April 2020 the Corporation charges twelve paise a year on every hundred rupees of a bank assessable deposits.

The Deposit Insurance Corporation, created under the Deposit Insurance Act, 1961, began functioning on 1 January 1962, and that is the date from which bank deposits in India have been insured.

Inter-bank deposits are expressly excluded, because deposit insurance exists to protect ordinary depositors and not to insure banks against one another.

The whole of the deposit insurance premium is paid by the bank, and a bank is barred from passing the cost on, so the charge never appears in a depositor passbook.

The Corporation came into being on 15 July 1978, when the Deposit Insurance Corporation was merged with the Credit Guarantee Corporation of India Ltd, and the Deposit Insurance Act, 1961 was renamed the Deposit Insurance and Credit Guarantee Corporation Act, 1961.

Every depositor of an insured bank is covered up to five lakh rupees, and that figure takes in the principal and the accrued interest together.

The Deposit Insurance and Credit Guarantee Corporation is a wholly owned subsidiary of the Reserve Bank of India. It works under the Deposit Insurance and Credit Guarantee Corporation Act, 1961, has its head office in Mumbai, and is chaired by a Deputy Governor of the Reserve Bank.

After partition left the port of Karachi outside India, Kandla in the Gulf of Kutch was developed as the main gateway for the northern and western hinterland, which makes it the first major port developed after independence.

The programme covers port modernisation and new port development, port connectivity, port linked industrialisation and coastal community development, and it is run by the Ministry of Ports, Shipping and Waterways.

The Airports Authority of India came into being in that year through the merger of the International Airports Authority of India, which ran the international gateways, with the National Airports Authority, which ran the domestic airfields and the air navigation services.

The port in Andhra Pradesh lies in a natural inlet sheltered by the Dolphin's Nose headland, which gives it great depth while keeping it protected, and it is the one Indian major port that works with a separate inner harbour and outer harbour.

The scheme was announced under the National Civil Aviation Policy of 2016 so that unserved and underserved airstrips could be linked to the main network at capped fares, with the gap met through a viability gap funding mechanism.

The airport is named after Kempegowda, the sixteenth century chieftain regarded as the founder of the city.

Cochin International Airport commissioned a solar plant large enough to meet its own consumption, and for that it received the Champion of the Earth award of the United Nations Environment Programme in 2018.

It sits far up the Hooghly river rather than on the open sea, which makes it the only riverine major port in the country, and it is the oldest of the major ports still working; the Haldia dock complex downstream was added to handle larger vessels that cannot reach Kolkata.

The Jawaharlal Nehru Port lies at Nhava Sheva across the harbour from Mumbai, in the Navi Mumbai area, and it handles the largest volume of container traffic of any port in India.

The first stretch of the Kolkata Metro, between Esplanade and Bhowanipore, was opened on 24 October 1984, almost two decades before any other Indian city had a metro.

The four thematic areas, each with its own hub, are quantum computing at the Indian Institute of Science Bengaluru, quantum communication at the Indian Institute of Technology Madras, quantum sensing and metrology at the Indian Institute of Technology Bombay, and quantum materials and devices at the Indian Institute of Technology…