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Consider the following statements regarding International Energy Agency (IEA).
  1. The International Energy Agency (IEA) is a Paris-based autonomous intergovernmental organisation that provides policy recommendations, analysis and data on the entire global energy sector.
  2. India is a member of IEA.
  3. IEA recommends that countries should hold an emergency oil stockpile sufficient to provide 90 days of import protection.
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 International Energy Agenc...
Statement 2 is incorrect.
The International Energy Agency (IEA), a Paris-based autonomous intergovernmental organisation in which India is an ‘Association’ country, recommends that all countries should hold an emergency oil stockpile sufficient to provide 90 days of import protection.
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Consider the following statements regarding International Energy Agenc...
Explanation:

International Energy Agency (IEA)
- The International Energy Agency (IEA) is a Paris-based autonomous intergovernmental organisation that provides policy recommendations, analysis, and data on the entire global energy sector.
- IEA is known for its work on energy security, economic development, and environmental protection around the world.
- India is not a member of IEA. However, India has been seeking membership to enhance its engagement with global energy issues.

Emergency Oil Stockpile Recommendation
- IEA recommends that countries should hold an emergency oil stockpile sufficient to provide 90 days of import protection.
- This recommendation is aimed at ensuring energy security and stability in the event of supply disruptions or crises.
- The 90-day stockpile requirement is considered a critical measure to mitigate the impact of oil price fluctuations and ensure that countries can meet their energy needs during emergencies.
Therefore, only the second statement is correct, as India is not currently a member of the International Energy Agency. The other statements regarding the IEA's role and recommendations are accurate.
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Consider the following statements regarding International Energy Agency (IEA). The International Energy Agency (IEA) is a Paris-based autonomous intergovernmental organisation that provides policy recommendations, analysis and data on the entire global energy sector. India is a member of IEA. IEA recommends that countries should hold an emergency oil stockpile sufficient to provide 90 days of import protection.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?
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Consider the following statements regarding International Energy Agency (IEA). The International Energy Agency (IEA) is a Paris-based autonomous intergovernmental organisation that provides policy recommendations, analysis and data on the entire global energy sector. India is a member of IEA. IEA recommends that countries should hold an emergency oil stockpile sufficient to provide 90 days of import protection.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 2024 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 International Energy Agency (IEA). The International Energy Agency (IEA) is a Paris-based autonomous intergovernmental organisation that provides policy recommendations, analysis and data on the entire global energy sector. India is a member of IEA. IEA recommends that countries should hold an emergency oil stockpile sufficient to provide 90 days of import protection.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 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding International Energy Agency (IEA). The International Energy Agency (IEA) is a Paris-based autonomous intergovernmental organisation that provides policy recommendations, analysis and data on the entire global energy sector. India is a member of IEA. IEA recommends that countries should hold an emergency oil stockpile sufficient to provide 90 days of import protection.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?.
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