Consider the following statements:
1. Much of the financial savings of the Indian household sector is in the form of Bank Deposits
2. Deposits made in Public Banks, Private Banks as well as Cooperative Banks are insured under Deposit Insurance in India
Which among the above statements is / are correct?

Answer: [C] Both 1 & 2

Both are correct statements

This question is a part of GKToday's Integrated IAS General Studies Module