Multiple Choice Questions on As of December 2019 was the largest crude oil supplier to India ........ for SSC CGL Exam Preparation

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Indian Economy - Understanding the basics of Indian economic system

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    As of December 2019, _______ was the largest crude oil supplier to India.

    This questions was previously asked in
    SSC CGL 3rd March 2020 Shift-3

    Iraq

    Correct Answer

    Saudi Arabia

    Incorrect Answer

    United Arab Emirates

    Incorrect Answer

    Iran

    Incorrect Answer
    Explanation:

    - Option 1: Iraq

    - As of December 2019, Iraq was indeed the largest supplier of crude oil to India. Iraq provided a significant portion of India's crude requirements, benefitting from both cost advantages and high-quality crude oil.

    - Option 2: Saudi Arabia

    - Saudi Arabia has traditionally been a major oil supplier to India but had been surpassed by Iraq during this period due to competitive pricing and favorable trade terms.

    - Option 3: United Arab Emirates

    - The UAE is also a notable supplier of crude oil to India. However, it was not the largest supplier compared to Iraq and Saudi Arabia as of December 2019.

    - Option 4: Iran

    - Iran was previously a significant supplier to India. However, due to U.S. sanctions, India's imports from Iran considerably reduced, making it a lesser supplier by December 2019.

    Correct Answer: Option 1: Iraq


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