CSE-2019 | Prelims Daily Quiz 56

Daily Quiz for Civil Services Preliminary Examination 2019

Question:

Q. Qatar has recently left OPEC, consider the following statements in this respect:

1. Qatar is the largest producer of liquefied natural gas (LNG).

2. Withdrawal of Qatar from OPEC will considerably impact India.

3. OPEC produces more than 70% of the world’s oil.

 

Select the correct statement/s using the code given below:

a) 1 only

b) 1 and 2 only

c) 2 and 3 only

d) None of the above

Correct Answer

d) None of the above

Explanation for the Correct Answer
  • Qatar is the largest exporter of LNG and not the largest producer.
  • Qatar is one of India’s oldest LNG suppliers. But LNG pricing is not in OPEC’s domain, so Qatar’s decision is unlikely to impact India.
  • OPEC produces OPEC about 45% of the world’s oil.

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