Prelims Power Play 10 April 2024

1. Consider the following statements:

Statement-I: Cyprus is favoured destination for individuals/ businesses to set up entities and invest in India

Statement-II: Cyprus has more tax-friendly business climate

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. The term “Golden Passport scheme” refers to

a facility offered by certain countries where foreigners can get citizenship through significant investments or property purchase

a facility offered by certain countries where foreigners can get dual citizenship

is a facility offered by certain countries where foreigners can get citizenship by bringing huge quantities of gold.

a facility offered by India where PIO can get Indian citizenship through significant investments or property purchase

3. Consider the following

Statement-I: India’s household debt levels have reached an all-time high of 100% of Gross Domestic Product (GDP) by December 2023.

Statement-II: Indian are experiencing sluggish income growth

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

4. The existence of the Higgs boson relates to which of the following major theories in Physics

Standard model

Theory of relativity

Superstring theory

Newton’s Law of universal gravitation

5. Consider the following pairs

Island Why in news

How many of the above are functions of the Reserve Bank of India?

Only one

Only two

All three

None