Current Affairs Exam  >  Current Affairs Questions  >  Consider the following statements with refere... Start Learning for Free
Consider the following statements with reference to the Organization of the Petroleum Exporting Countries (OPEC) :
1. It was created at the Yalta Conference in September 1960.
2. It ensures fair and stable prices for petroleum producers.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Consider the following statements with reference to the Organization o...
In News: Recently , OPEC+ decided to stick to its plan to gradually restore supply to the market.
Statement 1 is not correct: The Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization. It was created at the Baghdad Conference in September 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.
Statement 2 is correct: It coordinates and unifies petroleum policies among member countries.It secures fair and stable prices for petroleum producers. It ensures an efficient, economic and regular supply of petroleum to consuming nations and a fair return on capital to those investing in the industry.
View all questions of this test
Explore Courses for Current Affairs exam

Top Courses for Current Affairs

Consider the following statements with reference to the Organization of the Petroleum Exporting Countries (OPEC) :1. It was created at the Yalta Conference in September 1960.2. It ensures fair and stable prices for petroleum producers.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
Question Description
Consider the following statements with reference to the Organization of the Petroleum Exporting Countries (OPEC) :1. It was created at the Yalta Conference in September 1960.2. It ensures fair and stable prices for petroleum producers.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements with reference to the Organization of the Petroleum Exporting Countries (OPEC) :1. It was created at the Yalta Conference in September 1960.2. It ensures fair and stable prices for petroleum producers.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with reference to the Organization of the Petroleum Exporting Countries (OPEC) :1. It was created at the Yalta Conference in September 1960.2. It ensures fair and stable prices for petroleum producers.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
Solutions for Consider the following statements with reference to the Organization of the Petroleum Exporting Countries (OPEC) :1. It was created at the Yalta Conference in September 1960.2. It ensures fair and stable prices for petroleum producers.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Current Affairs. Download more important topics, notes, lectures and mock test series for Current Affairs Exam by signing up for free.
Here you can find the meaning of Consider the following statements with reference to the Organization of the Petroleum Exporting Countries (OPEC) :1. It was created at the Yalta Conference in September 1960.2. It ensures fair and stable prices for petroleum producers.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements with reference to the Organization of the Petroleum Exporting Countries (OPEC) :1. It was created at the Yalta Conference in September 1960.2. It ensures fair and stable prices for petroleum producers.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Consider the following statements with reference to the Organization of the Petroleum Exporting Countries (OPEC) :1. It was created at the Yalta Conference in September 1960.2. It ensures fair and stable prices for petroleum producers.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Consider the following statements with reference to the Organization of the Petroleum Exporting Countries (OPEC) :1. It was created at the Yalta Conference in September 1960.2. It ensures fair and stable prices for petroleum producers.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements with reference to the Organization of the Petroleum Exporting Countries (OPEC) :1. It was created at the Yalta Conference in September 1960.2. It ensures fair and stable prices for petroleum producers.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Current Affairs tests.
Explore Courses for Current Affairs exam

Top Courses for Current Affairs

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev