The 'debit card' enables a customer to: MCQ with Answer and Explanation

Question

Share Report Error

The 'debit card' enables a customer to:

A. borrow money for purchases

B. take insurance

C. buy stocks

D. spend money directly from their bank account

Answer: Option D

Solution (By JKSSB Mock Tests)

A debit card allows direct spending from a customer's bank account.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Share Report

If nominal GDP is Rs 12,500 crore and real GDP is Rs 10,000 crore, the GDP deflator is:

A. 125

B. 150

C. 80

D. 100

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
GDP deflator = (12500/10000) × 100 = 125.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

Which of the following is NOT a source of agricultural finance in India?

A. Commercial banks

B. NABARD

C. Stock exchanges for small farmers

D. Cooperative societies

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Stock exchanges primarily serve corporate entities. Agricultural finance is provided by commercial banks, cooperatives, RRBs and refinanced by NABARD.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

The 'index of eight core industries' does not include which of the following?

A. Steel

B. Pharmaceuticals

C. Cement

D. Coal

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Pharmaceuticals is not included in the eight core industries.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs