The Deposit Guarantee Scheme 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 a Deposit Guarantee Scheme is to protect ordinary savers by guaranteeing deposits held in eligible banks up to a set limit per depositor per institution. These schemes are meant to cover a broad range of retail depositors, typically including individuals and small businesses, and often extending to other eligible bodies such as charities or non-profit organizations, depending on the jurisdiction.

If the question lists several depositor types and the scheme covers all of them, then the option that includes every category is the best choice. This reflects how the scheme is designed to safeguard a wide range of everyday depositors, not just a single group. Remember that protection applies to deposits within the covered cap and only at eligible institutions, and it does not cover investments or deposits at non-covered entities.