3. In the context to the Depositor’s insurance, which of the statements given below are correct?
- 1.The government has set up Deposit Insurance and Credit Guarantee Corporation (DICGC) under RBI to protect depositors if a bank fails.
- 2.The DICGC does not deal directly with depositors rather the RBI appoints an official liquidator to oversee the winding up process.
- 3.Under the DICGC act, the liquidator is supposed to pay these dues within two months of receiving this list.
Select the correct answer suing the code given below: