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With reference to the International Energy Agency (IEA), consider the following statements:
- It is an autonomous inter-governmental organization established to ensure the security of oil supplies.
- India is a founding member of this organization.
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 'A'. Can you explain this answer?
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Most Upvoted Answer
With reference to the International Energy Agency (IEA), consider the ...
The correct answer is option 'A': 1 Only.
Explanation:
The International Energy Agency (IEA) is an autonomous inter-governmental organization established in 1974. It was established in response to the 1973 oil crisis to ensure the security of oil supplies. Its primary goal is to promote energy security, economic growth, and environmental sustainability around the world.
India is not a founding member of the IEA. The founding members of the IEA were the United States, Canada, Japan, and several European countries. India became an association country of the IEA in 2017, which means it has a close relationship with the organization and participates in its activities.
Therefore, statement 1 is correct as the IEA was indeed established to ensure the security of oil supplies. However, statement 2 is incorrect as India is not a founding member of the IEA.
In conclusion, the correct answer is option 'A': 1 Only.
Explanation:
The International Energy Agency (IEA) is an autonomous inter-governmental organization established in 1974. It was established in response to the 1973 oil crisis to ensure the security of oil supplies. Its primary goal is to promote energy security, economic growth, and environmental sustainability around the world.
India is not a founding member of the IEA. The founding members of the IEA were the United States, Canada, Japan, and several European countries. India became an association country of the IEA in 2017, which means it has a close relationship with the organization and participates in its activities.
Therefore, statement 1 is correct as the IEA was indeed established to ensure the security of oil supplies. However, statement 2 is incorrect as India is not a founding member of the IEA.
In conclusion, the correct answer is option 'A': 1 Only.
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Community Answer
With reference to the International Energy Agency (IEA), consider the ...
Recently, the executive director of the International Energy Agency (IEA), said it would review all its membership conditions for India’s inclusion in the world’s premier energy monitoring organization.
- It is an autonomous inter-governmental organisation within the OECD framework.
- It works with governments and industry to shape a secure and sustainable energy future for all.
- It was founded in 1974 to ensure the security of oil supplies.
- It was created in response to the 1973-1974 oil crisis when an oil embargo by major producers pushed prices to historic levels and exposed the vulnerability of industrialised countries to dependency on oil imports.
- It consists of 31 member countries and eleven association countries.
- A candidate country to the IEA must be a member country of the Organisation for Economic Co-operation and Development (OECD).
- India joined this organization in 2017 as an Associate member.
Hence only statement 1 is correct.
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With reference to the International Energy Agency (IEA), consider the following statements: It is an autonomous inter-governmental organization established to ensure the security of oil supplies. India is a founding member of this organization.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 'A'. Can you explain this answer?
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