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Quiz 2021: Prelims Power Play 23 October 2021

  • October 23, 2021
  • Posted by: OptimizeIAS Team
  • Category: Prelims Powerplay
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This quiz contains 5 questions and each contains 1 points.

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1. The term “West Texas Intermediate’, sometimes found in news, refers to a grade of

 
 
 
 

2. Consider the following statements

  1. WTI is sweeter and lighter crude than Brent.
  2. Transportation of WTI is cheaper than Brent.

Which of the above statement is true?

 
 
 
 

3. The London Convention and London Protocol are international treaties of global application to control

 
 
 
 

4. What are “non-consumable tokens”, sometimes seen in the news?

 
 
 
 

5. Consider the following statements regarding the Monetary Policy Committee (MPC):

  1. The MPC is required to meet every fortnight.
  2. Members of the MPC will be appointed for a period of four years and shall not be eligible for reappointment.
  3. The decision of MPC is taken by consensus and there is no voting.
  4. The decision of the committee would be binding on the RBI.

Which of the above are correct statements?

 
 
 
 

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