NSDL and CDSL are depositories for: MCQ with Answer and Explanation

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NSDL and CDSL are depositories for:

A. government cash balances

B. bank deposits

C. foreign exchange reserves

D. dematerialized securities

Answer: Option D

Solution (By JKSSB Mock Tests)

NSDL and CDSL are the two depositories that hold securities in dematerialized form.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Mid-Day Meal Scheme' was launched in which year?

A. 1985

B. 1995

C. 2001

D. 2005

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Correct Answer: Option B

Explanation:
Mid-Day Meal Scheme was launched in 1995.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of elasticity, a perfectly inelastic demand curve is:

A. Horizontal

B. Vertical

C. Upward sloping

D. Downward sloping with unit elasticity

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Correct Answer: Option B

Explanation:
A perfectly inelastic demand curve is a vertical straight line, indicating that quantity demanded does not change at all with changes in price.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Housing Bank' is a subsidiary of:

A. SIDBI

B. NABARD

C. Reserve Bank of India

D. SEBI

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Correct Answer: Option C

Explanation:
The National Housing Bank is a wholly owned subsidiary of the RBI.

This question belongs to: Economy GK Economy Set 1

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