Explanation
According to the Snowflake documentation1, the MONITOR privilege on a warehouse grants the ability to view the warehouse usage and performance metrics, such as the number of credits consumed, the average and maximum run time, and the number of queries executed. The USAGE privilege on a warehouse grants the ability to use the warehouse to execute queries and load data. Therefore, the minimal privileges on the warehouse that should be granted to the role to meet the requirements for the application are MONITOR and USAGE. Option A is incorrect because the OPERATE privilege on a warehouse grants the ability to start, stop, resume, and suspend the warehouse, which is not required for the application. Option B is incorrect because the MODIFY privilege on a warehouse grants the ability to alter the warehouse properties, such as the size, auto-suspend, and auto-resume settings, which is not required for the application. Option E is incorrect because the OWNERSHIP privilege on a warehouse grants the ability to drop the warehouse, grant or revoke privileges on the warehouse, and transfer the ownership to another role, which is not required for the application.