The 'overdraft' facility is typically associated with: MCQ with Answer and Explanation

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The 'overdraft' facility is typically associated with:

A. drawing more than the balance in a current account

B. fixed deposits

C. credit cards

D. insurance

Answer: Option A

Solution (By JKSSB Mock Tests)

An overdraft allows a customer to draw more than the available balance in a current account.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Startup India' action plan was launched in which year?

A. 2016

B. 2018

C. 2017

D. 2014

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Correct Answer: Option A

Explanation:
Startup India was launched in January 2016.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Minimum Wages Act' in India was enacted in which year?

A. 1948

B. 1956

C. 1947

D. 1950

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Correct Answer: Option A

Explanation:
The Minimum Wages Act was enacted in 1948.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Ministry of Statistics and Programme Implementation' is responsible for:

A. official statistics and programme implementation

B. monetary policy

C. banking regulation

D. foreign trade

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Correct Answer: Option A

Explanation:
MoSPI handles official statistics and programme implementation.

This question belongs to: Economy GK Economy Set 1

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