What key feature does the Oilfields (Regulation and Development) Amendment Bill, 2024 introduce regarding the exploration of oil?a) It bans all oil exploration in urban areasb) It allows exploration in previously restricted areasc) It decreases regulatory powers for the Centred) It limits oil production to renewable sources onlyCorrect answer is option 'B'. Can you explain this answer?

Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity

Open App

CLAT Exam > CLAT Questions > What key feature does the Oilfields (Regulati...

What key feature does the Oilfields (Regulation and Development) Amendment Bill, 2024 introduce regarding the exploration of oil?

a)
It bans all oil exploration in urban areas
b)
It allows exploration in previously restricted areas
c)
It decreases regulatory powers for the Centre
d)
It limits oil production to renewable sources only

Correct answer is option 'B'. Can you explain this answer?

Join for Free

Join for Free

Verified Answer

What key feature does the Oilfields (Regulation and Development) Amend...

The Oilfields (Regulation and Development) Amendment Bill, 2024 introduces a provision that permits oil exploration in previously restricted areas, including zones that were formerly labeled as "no-go" due to security concerns, such as missile testing sites. This expansion is aimed at unlocking new potential for oil and gas production, which is crucial for reducing India's dependence on expensive oil imports. An interesting aspect of this bill is that it expands the definition of "mineral oils" to include new types of resources like shale oil and gas hydrates.

View all questions of this test

View all answers Start learning for free

Explore Courses for CLAT exam

Similar CLAT Doubts

Read the following passage and answer the question as directed.The Rajya Sabha on 12thDecember, 2019 passed the {X} Authority Bill, 2019 towards setting up a unified authority to regulate all financial services in {X} in the country.The {X} cater to customers outside the jurisdiction of the domestic economy. Such centres deal with flows of finance, financial products and services across borders. London, New York and Singapore can be counted as global financial centres. The first such centre in India has been set up at GIFT City in Gujarats Gandhinagar. {X} can be set up in an SEZ or as an SEZ after approval from the Centre.{X} would also provide Indian companies easier access to global financial markets and also enable the development of financial markets in India."In a path breaking reform, both Houses pass {X} Authority Bill, 2019. It will set up world class unified regulator for international financial services combining powers and functions of RBI, {Y}, IRDAI And PFRDA", economic affairs secretary Atanu Chakraborty said in a tweet.According to the Bill, the authority comprise a chairperson, and one member each nominated by the Reserve Bank of India (RBI), {Y}, the Insurance Regulatory and Development Authority of India (IRDAI) and the Pension Fund Regulatory and Development Authority (PFRD

View answer

Read the following passage and answer the question as directed.The Rajya Sabha on 12thDecember, 2019 passed the {X} Authority Bill, 2019 towards setting up a unified authority to regulate all financial services in {X} in the country.The {X} cater to customers outside the jurisdiction of the domestic economy. Such centres deal with flows of finance, financial products and services across borders. London, New York and Singapore can be counted as global financial centres. The first such centre in India has been set up at GIFT City in Gujarats Gandhinagar. {X} can be set up in an SEZ or as an SEZ after approval from the Centre.{X} would also provide Indian companies easier access to global financial markets and also enable the development of financial markets in India."In a path breaking reform, both Houses pass {X} Authority Bill, 2019. It will set up world class unified regulator for international financial services combining powers and functions of RBI, {Y}, IRDAI And PFRDA", economic affairs secretary Atanu Chakraborty said in a tweet.According to the Bill, the authority comprise a chairperson, and one member each nominated by the Reserve Bank of India (RBI), {Y}, the Insurance Regulatory and Development Authority of India (IRDAI) and the Pension Fund Regulatory and Development Authority (PFRD

View answer

Read the following passage and answer the question as directed.The Rajya Sabha on 12thDecember, 2019 passed the {X} Authority Bill, 2019 towards setting up a unified authority to regulate all financial services in {X} in the country.The {X} cater to customers outside the jurisdiction of the domestic economy. Such centres deal with flows of finance, financial products and services across borders. London, New York and Singapore can be counted as global financial centres. The first such centre in India has been set up at GIFT City in Gujarats Gandhinagar. {X} can be set up in an SEZ or as an SEZ after approval from the Centre.{X} would also provide Indian companies easier access to global financial markets and also enable the development of financial markets in India."In a path breaking reform, both Houses pass {X} Authority Bill, 2019. It will set up world class unified regulator for international financial services combining powers and functions of RBI, {Y}, IRDAI And PFRDA", economic affairs secretary Atanu Chakraborty said in a tweet.According to the Bill, the authority comprise a chairperson, and one member each nominated by the Reserve Bank of India (RBI), {Y}, the Insurance Regulatory and Development Authority of India (IRDAI) and the Pension Fund Regulatory and Development Authority (PFRD

View answer

Read the following passage and answer the question as directed.The Rajya Sabha on 12thDecember, 2019 passed the {X} Authority Bill, 2019 towards setting up a unified authority to regulate all financial services in {X} in the country.The {X} cater to customers outside the jurisdiction of the domestic economy. Such centres deal with flows of finance, financial products and services across borders. London, New York and Singapore can be counted as global financial centres. The first such centre in India has been set up at GIFT City in Gujarats Gandhinagar. {X} can be set up in an SEZ or as an SEZ after approval from the Centre.{X} would also provide Indian companies easier access to global financial markets and also enable the development of financial markets in India."In a path breaking reform, both Houses pass {X} Authority Bill, 2019. It will set up world class unified regulator for international financial services combining powers and functions of RBI, {Y}, IRDAI And PFRDA", economic affairs secretary Atanu Chakraborty said in a tweet.According to the Bill, the authority comprise a chairperson, and one member each nominated by the Reserve Bank of India (RBI), {Y}, the Insurance Regulatory and Development Authority of India (IRDAI) and the Pension Fund Regulatory and Development Authority (PFRD

View answer

Read the following passage and answer the question as directed.The Rajya Sabha on 12thDecember, 2019 passed the {X} Authority Bill, 2019 towards setting up a unified authority to regulate all financial services in {X} in the country.The {X} cater to customers outside the jurisdiction of the domestic economy. Such centres deal with flows of finance, financial products and services across borders. London, New York and Singapore can be counted as global financial centres. The first such centre in India has been set up at GIFT City in Gujarats Gandhinagar. {X} can be set up in an SEZ or as an SEZ after approval from the Centre.{X} would also provide Indian companies easier access to global financial markets and also enable the development of financial markets in India."In a path breaking reform, both Houses pass {X} Authority Bill, 2019. It will set up world class unified regulator for international financial services combining powers and functions of RBI, {Y}, IRDAI And PFRDA", economic affairs secretary Atanu Chakraborty said in a tweet.According to the Bill, the authority comprise a chairperson, and one member each nominated by the Reserve Bank of India (RBI), {Y}, the Insurance Regulatory and Development Authority of India (IRDAI) and the Pension Fund Regulatory and Development Authority (PFRD

View answer

Top Courses for CLATView all

Current Affairs: Daily, Weekly & Monthly

Legal Reasoning for CLAT

Lucent for GK

Crash Course for CLAT

CLAT Mock Test Series 2026

Top Courses for CLAT

View all

What key feature does the Oilfields (Regulation and Development) Amendment Bill, 2024 introduce regarding the exploration of oil?a) It bans all oil exploration in urban areasb) It allows exploration in previously restricted areasc) It decreases regulatory powers for the Centred) It limits oil production to renewable sources onlyCorrect answer is option 'B'. Can you explain this answer?

Share with a Friend

Answer this doubt

Question Description
What key feature does the Oilfields (Regulation and Development) Amendment Bill, 2024 introduce regarding the exploration of oil?a) It bans all oil exploration in urban areasb) It allows exploration in previously restricted areasc) It decreases regulatory powers for the Centred) It limits oil production to renewable sources onlyCorrect answer is option 'B'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about What key feature does the Oilfields (Regulation and Development) Amendment Bill, 2024 introduce regarding the exploration of oil?a) It bans all oil exploration in urban areasb) It allows exploration in previously restricted areasc) It decreases regulatory powers for the Centred) It limits oil production to renewable sources onlyCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What key feature does the Oilfields (Regulation and Development) Amendment Bill, 2024 introduce regarding the exploration of oil?a) It bans all oil exploration in urban areasb) It allows exploration in previously restricted areasc) It decreases regulatory powers for the Centred) It limits oil production to renewable sources onlyCorrect answer is option 'B'. Can you explain this answer?.

Solutions for What key feature does the Oilfields (Regulation and Development) Amendment Bill, 2024 introduce regarding the exploration of oil?a) It bans all oil exploration in urban areasb) It allows exploration in previously restricted areasc) It decreases regulatory powers for the Centred) It limits oil production to renewable sources onlyCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.

Here you can find the meaning of What key feature does the Oilfields (Regulation and Development) Amendment Bill, 2024 introduce regarding the exploration of oil?a) It bans all oil exploration in urban areasb) It allows exploration in previously restricted areasc) It decreases regulatory powers for the Centred) It limits oil production to renewable sources onlyCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of What key feature does the Oilfields (Regulation and Development) Amendment Bill, 2024 introduce regarding the exploration of oil?a) It bans all oil exploration in urban areasb) It allows exploration in previously restricted areasc) It decreases regulatory powers for the Centred) It limits oil production to renewable sources onlyCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for What key feature does the Oilfields (Regulation and Development) Amendment Bill, 2024 introduce regarding the exploration of oil?a) It bans all oil exploration in urban areasb) It allows exploration in previously restricted areasc) It decreases regulatory powers for the Centred) It limits oil production to renewable sources onlyCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of What key feature does the Oilfields (Regulation and Development) Amendment Bill, 2024 introduce regarding the exploration of oil?a) It bans all oil exploration in urban areasb) It allows exploration in previously restricted areasc) It decreases regulatory powers for the Centred) It limits oil production to renewable sources onlyCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice What key feature does the Oilfields (Regulation and Development) Amendment Bill, 2024 introduce regarding the exploration of oil?a) It bans all oil exploration in urban areasb) It allows exploration in previously restricted areasc) It decreases regulatory powers for the Centred) It limits oil production to renewable sources onlyCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice CLAT tests.

Explore Courses for CLAT exam