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The need to compile this Questions and Answers study pack stems out of the author's desire to assist students in breaking down the topic to a more simplified way that will aid learning. The old way of studying the whole text book on a subject matter has not proved to be best way of impacting knowledge. The Questions and Answers approach helps to guide the students in identifying relevant issues on Deposit Insurance System (DIS) as practiced worldwide. The subject matter is one of the Safety-nets put in place by the Federal Government to ensure financial system stability in the country. Those writing examination on Deposit Insurance System will find the Study Pack an invaluable resource and reference material. The Model Answers, though thoroughly researched are just a guide to Students; they are not sacrosanct or cast in stone. Students may generate their own answers to the Questions which may equally be correct. The Study Pack is divided into 3 parts. The first part deals with Essay Type Questions, while the second and third parts deal with Multiple Choice Questions (MCQs) and MCQs Answers respectively. The Study Pack is therefore recommended for Students in Tertiary Institutions, Professionals and other stakeholders as it will enhance their knowledge on Deposit Insurance System (DIS).