A mutual fund pools money from investors to invest in: MCQ with Answer and Explanation

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A mutual fund pools money from investors to invest in:

A. only real estate

B. only fixed deposits

C. a diversified portfolio of securities

D. only government bonds

Answer: Option C

Solution (By JKSSB Mock Tests)

A mutual fund invests pooled investor funds in a diversified portfolio of securities.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Goods and Services Tax' on software services is:

A. 5%

B. 12%

C. 28%

D. 18%

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Correct Answer: Option D

Explanation:
Software services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' is an indirect tax because:

A. it is paid by the seller only

B. it is paid only by companies

C. the burden can be shifted to the final consumer

D. it is paid by the government

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Correct Answer: Option C

Explanation:
GST is an indirect tax as the burden is ultimately borne by the final consumer.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on life insurance premiums is:

A. 0%

B. 5%

C. 12%

D. 18%

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Correct Answer: Option D

Explanation:
Life insurance premiums attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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