WBCS.LIVE practice question

Which commodity tops the current list of imported commodity of India?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Gold
  2. Platinum
  3. Petroleum products
  4. Petroleum crudes

Correct answer and explanation

Correct answer: Petroleum crudes

Explanation: āœ… Correct Answer: D. Petroleum crudes šŸ“š Explanation: 'Petroleum crude' oil is the single largest item in India's current import list, accounting for a massive share of the total import bill. Since India imports about 80% of its crude oil needs, its economy is sensitive to global oil prices. The crude is refined domestically into various fuels and products for use in transport and industry. Reducing this dependency through renewable energy is a major national policy goal.