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Consider the following statements regarding ONGC.
  1. It is a Navratna company contributing around 71%to the Indian domestic production.
  2. ONGC has a unique distinction of being a company with in-house service capabilities in all areas of Exploration and Production of oil & gas.
Which of the above statements is/are correct?
  • a)
    1 only 
  • b)
    2 only 
  • c)
    Both 1 and 2 
  • d)
    Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Consider the following statements regarding ONGC. It is a Navratna com...
  • Maharatna ONGC is the largest crude oil and natural gas Company in India, contributing around 71 per cent to Indian domestic production. Crude oil is the raw material used by downstream companies like IOC, BPCL, HPCL and MRPL (Last two are subsidiaries of ONGC) to produce petroleum products like Petrol, Diesel, Kerosene, Naphtha, and Cooking Gas LPG.
  • ONGC has a unique distinction of being a company with in-house service capabilities in all areas of Exploration and Production of oil & gas and related oil-field services.
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Most Upvoted Answer
Consider the following statements regarding ONGC. It is a Navratna com...
Explanation:

2 only:
- The second statement is correct. ONGC indeed has a unique distinction of having in-house service capabilities in all areas of Exploration and Production of oil & gas. This capability allows ONGC to efficiently carry out all activities related to oil and gas exploration and production without relying on external service providers.
- This in-house service capability gives ONGC a competitive advantage in terms of cost control, quality assurance, and timely project execution.
Therefore, the correct answer is option 'B' - 2 only.
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Consider the following statements regarding ONGC. It is a Navratna company contributing around 71%to the Indian domestic production. ONGC has a unique distinction of being a company with in-house service capabilities in all areas of Exploration and Production of oil & gas.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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