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Economy & Business · Question 40 of 80

Question 40

HardOriginal question

Which body provides the guarantees under ECLGS 5.0?

Options for question 40

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. NCGTC gives the guarantees to member lending institutions.

  2. DICGC insures bank deposits, a different job.

Concept
Guarantor under ECLGS
Typical time
65 s
Your time
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Ten questions from Economy & Business, at your own pace.

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Practise this chapter →

Ten questions from Economy & Business, at your own pace.