MCQS on OPEC

Here are some Solved MCQs on Organization of Petroleum Exporting Countries (OPEC) and list of current Member Countries of OPEC. This post also contains solved MCQs about Colombo Plan. Here is list of 14 who are Current Member of OPEC Algeria Angola Ecuador Equatorial Guinea Gabon iran Iraq Kuwait Libya Nigeria Qatar Saudi Arabia United Arab Emirates Venezuela 1. Organisation of Petroleum Exporting Countries (OPEC) was established on November 14, 1960, with its headquarters at Vienne. What was the main objective behind its formation? (a) To reduce production in order to increase prices (b) To control production and pricing of crude oil (c) To increase production in order to capture oil market (d) None of these 2. The headquarters of OPEC (Organisation of Petroleum Countries) are at _________? (a) Vienna (b) Kuwait City (c) Algeria (d) Tehran 3. Which of the following statements regarding OPEC is not correct? (a) It was formed in 1959 (b) its membership is open to every country (c) It was formed to control production and pricing of crude oil (d) n has been successful in determining world oil prices to a large extent 4. Who is the current Secretary-General of OPEC? (a) Masoud Mir Kazemi (b) Ekmeleddin Ihsanogiu (c) Mohammed Barkindo (d) Abdelouahed Belkeziz 5. In which country Organization of Petroleum Exporting Countries was established? (a) Iraq (b) Austria (c) Abu Dhabi (d) Saudi Arabia 6. In ___________ year OPEC was formed? (a) 1972 (b) 1960 (c) 1962 (d) 1963 7. _______________ coordinates and unify petroleum policies? (a)United Nations Industrial Commission (b) OPEC (c) NAM (d) SAARC Important Solved MCQs about Colombo Plan 8. When was Colombo Plan established with its headquarters in Colombo? (a) 1952 (b) 1951 (c) 1950 (d) 1963 9. Colombo Plan started with seven Commonwealth countries. Currently, the number of member countries has risen to ____? (a) 23 (b) 22 (c) 32 (d) 25 10. Which of the following was the main objective behind the establishment of Colombo Plan? (a) To foster unity among the Asian Countries and maintenance of Asian Solidarity (b) To promote the development of the newly independent Asian member countries (c) Formed for the economic unity and mutual defence against aggression (d) To maintain and develop newly independent Asian members individual and collective defence against aggression of Communist block 11. Which statement about the Colombo Plan is incorrect? (a) H.Q. of Colombo Plan is at Colombo (b) This is a plan for economic development of South and East Asian countries (c) The Colombo Plan celebrated its Silver Jubilee in 1976 (d) All the above

MCQS on OPEC

MCQs about OPEC and Colombo Plan with Answers

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