Prelims Power Play 6 February 2024

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1. Consider the following statements:

Statement-I: RBI has increased the Repo Rate in last few years to check inflation.

Statement-II: RBI generally assume that they have the ability to counteract the rising consumer prices via monetary policy means.

Which one of the following is correct in respect of the above statements?

Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I

Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I

Statement-I is correct but Statement-II is incorrect

Statement-I is incorrect but Statement-II is correct

2. Consider the following regarding Air quality grant

Air quality grants has been recommended for the first time by 16^th Finance Commission
It is a performance-based grants for improvement in air quality.
All cities in India have received this grant.

How many of the above is /are correct?

Only one

Only two

All three

None

3. HSN Code recently in news is a

International product nomenclature developed by the World Customs Organization (WCO).

International medicine nomenclature developed by the World Health Organization (WCO)

International weather nomenclature developed by the World Meteorological Organization (WMO)

International norms developed by the World Maritime Organization (WMO) for ships effluents.

4. Which of the following species is known as “ghost of the mountains”

Snow Leopard

Himalayan Tahr

Yak

Bharal

5. Buffalo fights, locally called moh juj are held in different parts of

Kerela

Karnataka

Assam

Jammu and Kashmir