The 'OPEC' is an organization of: MCQ with Answer and Explanation

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The 'OPEC' is an organization of:

A. natural gas exporters only

B. oil-importing countries

C. oil-exporting countries

D. coal exporters

Answer: Option C

Solution (By JKSSB Mock Tests)

OPEC is the Organization of the Petroleum Exporting Countries.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The Reserve Bank of India was nationalized in the year:

A. 1935

B. 1947

C. 1955

D. 1949

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Correct Answer: Option D

Explanation:
The RBI was nationalized in 1949.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Bombay Stock Exchange' is the oldest stock exchange in Asia and was established in:

A. 1875

B. 1900

C. 1947

D. 1850

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Correct Answer: Option A

Explanation:
BSE was established in 1875.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a feature of a public good?

A. Non-rivalrous and excludable

B. Rivalrous and non-excludable

C. Non-rivalrous and non-excludable

D. Rivalrous and excludable

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Correct Answer: Option C

Explanation:
Public goods are non-rivalrous and non-excludable.

This question belongs to: Economy GK Economy Set 1

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