Consider the following statements about OPEC: 1. OPEC was established in 1960 by oil-producing countries. 2. The headquarters of OPEC is located in Vienna, Austria. 3. OPEC aims to coordinate and unify petroleum policies of its member countries. 4. India is a founding member of OPEC. Which of the statements given above are correct?

Official answer & explanation

A A and B

B B and C

C A, B and C

D A, B, C and D

Why this is correct

OPEC:
country: International Organization (members across Middle East, Africa, South America)
capital: Headquarters in Vienna, Austria
currency: None (uses USD for oil trade)
prime minister: None (organization, not a country)
president: None (led by Secretary General)
secretary general: Haitham al-Ghais (Kuwait)
highest/largest in world: Controls ~80% of proven global oil reserves

0 Answers

Newest Oldest Top

No answers yet — be the first to share what you think!