UPSC Exam  >  UPSC Questions  >  Consider the following statements regarding O... Start Learning for Free
Consider the following statements regarding OPEC+.
  1. OPEC+ is a grouping of OPEC countries and allied major oil-producing countries.
  2. Russia was recently removed from the grouping.
  3. The objective of the organisation is to unify the petroleum policies of its Member Countries and ensure the stabilisation of oil markets in order to secure regular supply of petroleum to consumers.
How many of the above statements are correct?
  • a)
    Only one 
  • b)
    Only two 
  • c)
    All three 
  • d)
    None
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding OPEC+. OPEC+ is a grouping...
Statement 2 is incorrect.
Established in 1960 by founding members Iran, Iraq, Kuwait, Saudi Arabia and Venezuela, OPEC has since expanded and now has 13 member states. With the addition of another 10 allied major oil-producing countries that include Russia, the grouping is known as OPEC+.
The objective of the organisation is to “coordinate and unify the petroleum policies of its Member Countries and ensure the stabilisation of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry,”
Explore Courses for UPSC exam

Similar UPSC Doubts

Top Courses for UPSC

Consider the following statements regarding OPEC+. OPEC+ is a grouping of OPEC countries and allied major oil-producing countries. Russia was recently removed from the grouping. The objective of the organisation is to unify the petroleum policies of its Member Countries and ensure the stabilisation of oil markets in order to secure regular supply of petroleum to consumers.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer?
Question Description
Consider the following statements regarding OPEC+. OPEC+ is a grouping of OPEC countries and allied major oil-producing countries. Russia was recently removed from the grouping. The objective of the organisation is to unify the petroleum policies of its Member Countries and ensure the stabilisation of oil markets in order to secure regular supply of petroleum to consumers.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding OPEC+. OPEC+ is a grouping of OPEC countries and allied major oil-producing countries. Russia was recently removed from the grouping. The objective of the organisation is to unify the petroleum policies of its Member Countries and ensure the stabilisation of oil markets in order to secure regular supply of petroleum to consumers.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding OPEC+. OPEC+ is a grouping of OPEC countries and allied major oil-producing countries. Russia was recently removed from the grouping. The objective of the organisation is to unify the petroleum policies of its Member Countries and ensure the stabilisation of oil markets in order to secure regular supply of petroleum to consumers.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Consider the following statements regarding OPEC+. OPEC+ is a grouping of OPEC countries and allied major oil-producing countries. Russia was recently removed from the grouping. The objective of the organisation is to unify the petroleum policies of its Member Countries and ensure the stabilisation of oil markets in order to secure regular supply of petroleum to consumers.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Consider the following statements regarding OPEC+. OPEC+ is a grouping of OPEC countries and allied major oil-producing countries. Russia was recently removed from the grouping. The objective of the organisation is to unify the petroleum policies of its Member Countries and ensure the stabilisation of oil markets in order to secure regular supply of petroleum to consumers.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect 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 regarding OPEC+. OPEC+ is a grouping of OPEC countries and allied major oil-producing countries. Russia was recently removed from the grouping. The objective of the organisation is to unify the petroleum policies of its Member Countries and ensure the stabilisation of oil markets in order to secure regular supply of petroleum to consumers.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Consider the following statements regarding OPEC+. OPEC+ is a grouping of OPEC countries and allied major oil-producing countries. Russia was recently removed from the grouping. The objective of the organisation is to unify the petroleum policies of its Member Countries and ensure the stabilisation of oil markets in order to secure regular supply of petroleum to consumers.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Consider the following statements regarding OPEC+. OPEC+ is a grouping of OPEC countries and allied major oil-producing countries. Russia was recently removed from the grouping. The objective of the organisation is to unify the petroleum policies of its Member Countries and ensure the stabilisation of oil markets in order to secure regular supply of petroleum to consumers.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements regarding OPEC+. OPEC+ is a grouping of OPEC countries and allied major oil-producing countries. Russia was recently removed from the grouping. The objective of the organisation is to unify the petroleum policies of its Member Countries and ensure the stabilisation of oil markets in order to secure regular supply of petroleum to consumers.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice UPSC tests.
Explore Courses for UPSC exam

Top Courses for UPSC

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