The colon is a frequently used mark of punctuation that is used in a large variety of cases.

A) True
B) False
I answered A

http://grammar.quickanddirtytips.com/colon-grammar.aspx

SO it's B then

Yes. Colons are not used very often.

Your answer is correct. The colon is indeed a frequently used mark of punctuation that is used in a large variety of cases. It is used to introduce a list, an explanation, a quotation, or a summary. It can also be used to separate hours from minutes and titles from subtitles. Therefore, option A is the correct answer.