DAILY QUIZ- DEC 14

1. Consider the following statements about Rare Earth Metals:

1)     In India, magnetite is the principal source of rare earths and thorium.

2)     India has the world’s fifth-largest reserves of rare earth elements.

Which of the above statements is/are correct?

a)     1 only

b)    2 only

c)      Both 1 and 2

d)     Neither 1 nor 2

2. Consider the following statements about Banks recapitalisation:

1)     Banks recapitalisation will strengthen the capital base of the banks

2)     Recapitalization will result in the repayment of bad debts.

3)     It will pull down lending rates and spur aggregate demand.

Which of the above statements is/are correct?

a)     1 and 2 only

b)     2 and 3 only

c)     1 and 3 only

d)     1, 2 and 3

3. Consider the following statements about Lithium:

1)     It is highly reactive and flammable, and must be stored in mineral oil.

2)     It was used in Thermonuclear reactions.

3)     It is the lightest metal and the lightest solid element.

4)     Karnataka holds the first traces of Lithium ever to be discovered in India.

5)     Argentina, Chile and China are mainly producing it from fresh water lakes.

Which of the above statements is/are correct?

a)     1, 2 and 3 only

b)     2, 3 and 4 only

c)     1, 2, 3 and 4 only

d)     1, 2, 3, 4 and 5