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

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NSDL and CDSL are depositories for:

A. foreign exchange reserves

B. bank deposits

C. government cash balances

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 'self-assessment tax' is paid by a taxpayer:

A. only after a notice

B. on the basis of self-computation before filing return

C. after assessment by the department

D. by employer only

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Correct Answer: Option B

Explanation:
Self-assessment tax is computed and paid by the taxpayer before filing return.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a feature of the 'Ratchet Effect' in consumption theory?

A. Consumption is independent of past income

B. Only permanent income matters

C. Consumption rises with income but is resistant to falling when income declines

D. Consumption falls symmetrically with income

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Correct Answer: Option C

Explanation:
The ratchet effect, associated with Duesenberry’s relative-income hypothesis, describes the asymmetry whereby consumption adjusts upward more readily than downward when income changes.

This question belongs to: Economy GK Economy Set 1

Question #3

The free-rider problem is associated with:

A. public goods

B. private goods

C. club goods

D. common resources

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Correct Answer: Option A

Explanation:
Public goods are non-excludable, so individuals can benefit without paying, creating the free-rider problem.

This question belongs to: Economy GK Economy Set 1

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