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With reference to the Open Acreage Licensing Programme(OALP), consider the following statements:
1. The Hydrocarbon Exploration and Licensing Policy (HELP) was approved in March 2016.
2. Since the launch of HELP on 30 March 2016, five rounds of OALP have been concluded for 105 E&P blocks.
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 'C'. Can you explain this answer?
Most Upvoted Answer
With reference to the Open Acreage Licensing Programme(OALP), consider...
1. The first statement is correct. The Hydrocarbon Exploration and Licensing Policy (HELP) was indeed approved in March 2016. HELP is a policy framework that aims to attract investment in the exploration and production of hydrocarbons in India.

2. The second statement is incorrect. Since the launch of HELP on 30 March 2016, six rounds of the Open Acreage Licensing Programme (OALP) have been concluded, not five. These six rounds of OALP have resulted in the award of exploration and production rights for 105 exploration blocks to various companies.
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With reference to the Open Acreage Licensing Programme(OALP), consider the following statements:1. The Hydrocarbon Exploration and Licensing Policy (HELP) was approved in March 2016.2. Since the launch of HELP on 30 March 2016, five rounds of OALP have been concluded for 105 E&P blocks.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 'C'. Can you explain this answer?
Question Description
With reference to the Open Acreage Licensing Programme(OALP), consider the following statements:1. The Hydrocarbon Exploration and Licensing Policy (HELP) was approved in March 2016.2. Since the launch of HELP on 30 March 2016, five rounds of OALP have been concluded for 105 E&P blocks.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 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Open Acreage Licensing Programme(OALP), consider the following statements:1. The Hydrocarbon Exploration and Licensing Policy (HELP) was approved in March 2016.2. Since the launch of HELP on 30 March 2016, five rounds of OALP have been concluded for 105 E&P blocks.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 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Open Acreage Licensing Programme(OALP), consider the following statements:1. The Hydrocarbon Exploration and Licensing Policy (HELP) was approved in March 2016.2. Since the launch of HELP on 30 March 2016, five rounds of OALP have been concluded for 105 E&P blocks.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 'C'. Can you explain this answer?.
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