1) Consider the following statements about Kurile Islands
It is an island archipelago in the Pacific Ocean, lying between Russia and Japan.
It is of volcanic origin.
It comes under the jurisdiction of Japan.
Which of the statement(s) given above is/are correct?
a.
b.
c.
d.
Answer : b
The Kuriles are an archipelago of some 56 islands spanning about 1,800 km from Japan’s Hokkaido to Russia’s Kamchatka.
All of them are under Russian jurisdiction but Japan claims the two large southernmost islands, Etorofu and Kunashiri, and two others, Shikotan and Habomai, as its ‘northern territories’. ]
These islands were occupied by the Soviet Union in August 1945, after which the entire Japanese population, numbering less than 20,000, was evicted.
Despite the passage of over 70 years, this dispute has defied solution and prevented the conclusion of a Russo-Japanese peace treaty
2) Consider the following statements regarding Dynamic Pricing Policy
This means that the prices fuels are changed daily by the Oil Marketing Companies (OMCs) based on the movement of international crude oil prices.