With reference to Deposit Insurance and Credit Guarantee Insurance Corporation, which of the following statements is/are correct?
1. A subsidy of Reserve Bank of India
2. Deposit upto Rs. 5 lakh are insured by it.
Select the correct answer using the codes given below:
Codes:
1
Only 1
2
Only 2
3
Both 1 and 2
4
Neither 1 nor 2