The Deposit Guarantee Scheme, administered by the Central Bank, covers which of the following depositors?

• A. (i) only.
• B. (i) and iii only.
• C. (ii) and iii only.
• D. (i), (ii) and iii.

Answer: (D)

The idea behind the Deposit Guarantee Scheme is to provide a safety net for savers by guaranteeing repayment of deposits up to a fixed limit if a bank fails, and it is run by the Central Bank. The scope of protection is broad: it covers a range of depositors defined in the scheme rules, not just individual consumers. If the question lists multiple categories of depositors and the correct answer includes all of them, that means each category described is recognised as a protected depositor under the scheme. The protection is applied per depositor per institution, so a person or entity with deposits in more than one bank can receive coverage at each bank up to the stated limit. In short, the scheme is designed to shield ordinary savers across the eligible groups, ensuring that a variety of depositors are protected, not just one narrow group.