Prelims Power Play 17 January 2022

1. Consider the following statements regarding rare earth elements

1. Rare earth elements are called rare because they very rarely found on earth.
2. India doesn’t produce any rare earth elements and totally dependent on import.
3. China is the largest producer of rare earth elements.

Which of the above statements is /are correct? Select the correct statements?

2. Which of the following are factors responsible for causing tsunami

1. Earthquake
2. Landslides
3. Volcanic eruptions.

3. Consider the following regarding Indian Rare Earth Ltd (IREL)

1. It was established in 2016 for mining and processing of REE.
2. Apart from rare earth elements, it also processes ilmenite, rutile and granite.
3. It is setting up a Rare Earth Theme park in Ranchi, Jharkhand.

Which of the statements given above is/are correct?  Select the correct pairs from the code given below:

4. Consider the following statements regarding predatory pricing

1. When companies sell at an extremely high price to drive the competitors out of the market, it is called predatory pricing.
2. At present, there is no specific law to regulate predatory pricing.

Which of the statements given above is/are correct?

5. Which of the following statements is /are correct with respect to Shree Narayana Guru?

1. He was against caste based discrimination
2. He asked people to boycott temples.
3. He led the Vaikkom Satyagraha of 1924-1925.