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With reference to the ethanol plants, consider the following statements:
1. Bharat Petroleum Corporation Limited, Indian Oil Corporation Limited and Hindustan Petroleum Corporation Limited have entered into a long-term purchase agreement for upcoming dedicated ethanol plants across the country.
2. State Bank of India, Indian Overseas Bank and Indian Bank are three banks involved in this agreement with Oil Marketing Companies.
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 ethanol plants, consider the following statement...
The Oil Marketing Companies, OMCs - Bharat Petroleum Corporation Limited, Indian Oil Corporation Limited and Hindustan Petroleum Corporation Limited have entered into a long-term purchase agreement for upcoming dedicated ethanol plants across the country.
  • The first set of Tripartite Agreement was signed among Oil Marketing Companies and Banks of the respective Ethanol Plant Projects.
  • State Bank of India, Indian Overseas Bank and Indian Bank are three banks involved in this agreement with Oil Marketing Companies.
  • As per the agreement, ethanol produced by these dedicated ethanol plants shall be sold to Oil Marketing Companies for blending with Petrol as per government Ethanol-Blended Petrol Programme.
  • In Ethanol Supply Year 2021-22, India has achieved 9.90 per cent ethanol blending, consuming 186 crore litre of ethanol and saving of over nine thousand crore rupees of foreign exchange.
Hence both statements are correct.
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With reference to the ethanol plants, consider the following statements:1. Bharat Petroleum Corporation Limited, Indian Oil Corporation Limited and Hindustan Petroleum Corporation Limited have entered into a long-term purchase agreement for upcoming dedicated ethanol plants across the country.2. State Bank of India, Indian Overseas Bank and Indian Bank are three banks involved in this agreement with Oil Marketing Companies.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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With reference to the ethanol plants, consider the following statements:1. Bharat Petroleum Corporation Limited, Indian Oil Corporation Limited and Hindustan Petroleum Corporation Limited have entered into a long-term purchase agreement for upcoming dedicated ethanol plants across the country.2. State Bank of India, Indian Overseas Bank and Indian Bank are three banks involved in this agreement with Oil Marketing Companies.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 ethanol plants, consider the following statements:1. Bharat Petroleum Corporation Limited, Indian Oil Corporation Limited and Hindustan Petroleum Corporation Limited have entered into a long-term purchase agreement for upcoming dedicated ethanol plants across the country.2. State Bank of India, Indian Overseas Bank and Indian Bank are three banks involved in this agreement with Oil Marketing Companies.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 ethanol plants, consider the following statements:1. Bharat Petroleum Corporation Limited, Indian Oil Corporation Limited and Hindustan Petroleum Corporation Limited have entered into a long-term purchase agreement for upcoming dedicated ethanol plants across the country.2. State Bank of India, Indian Overseas Bank and Indian Bank are three banks involved in this agreement with Oil Marketing Companies.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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