Prelims Power Play 12 August 2024

1. Consider the following

Statement-I: Indian banks have the freedom to decide their deposit rates and interest rates.

Statement-II: Interest rates on deposits and lending are deregulated.

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

Statement I: It ranks first in fruits and vegetable production in the world.

Statement II: India’s diverse climate ensures the availability of all varieties of fresh fruits & vegetables.

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

3. Recently one of the crest gates of the Tungabhadra reservoir was washed away after its chain link snapped. It is located in which state?

Kerela

Karnataka

Tamil Nadu

Andhra Pradesh

4. The Clean Plant Programme launched by government aims to boost

Nutri cereal production

Horticulture

Production of oil seeds and pulses

Timber production from forests

5. Core inflation excludes

Food items only

Fuel items only

Both

None