A demat account is used for: MCQ with Answer and Explanation

Question

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A demat account is used for:

A. trading only in commodities

B. holding foreign currency

C. holding shares in electronic form

D. banking transactions only

Answer: Option C

Solution (By JKSSB Mock Tests)

A demat account holds securities in electronic form.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'PM-KISAN' income support is transferred in how many equal instalments per year?

A. 2

B. 3

C. 4

D. 6

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Correct Answer: Option B

Explanation:
PM-KISAN provides Rs 6,000 in three equal instalments of Rs 2,000 each.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'National Sample Survey' collects data on:

A. household consumption, employment and other socio-economic characteristics

B. only prices

C. only foreign trade

D. only government expenditure

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Correct Answer: Option A

Explanation:
NSS collects data on household consumption, employment and socio-economic indicators.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' rate on cinema tickets below Rs 100 is:

A. 18%

B. 12%

C. 5%

D. 28%

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Correct Answer: Option B

Explanation:
Cinema tickets up to Rs 100 attract 12% GST.

This question belongs to: Economy GK Economy Set 1

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