Oil and Gas in India: Checkpoint 1

Quick checkpoint - five questions on import dependence, ONGC, Bombay High, fuel taxes and LPG.

Question 1 of 5 What share of its crude oil does India import?

Around 85 to 88 percent About 10 percent None About 50 percent

This makes India vulnerable to price shocks.

Question 2 of 5 Why is oil exploration risky?

Many costly wells find nothing Oil is always found It's free It's banned

Big finds can be very profitable.

Question 3 of 5 When was Bombay High discovered?

1974 1947 2004 2020

It became India's largest oil field.

Question 4 of 5 Why are petrol and diesel outside GST?

States want to keep control of fuel tax revenue They're tax-free GST doesn't exist The WTO forbids it

Excise and VAT apply instead.

Question 5 of 5 What limited Ujjwala's impact?

Many poor households refilled cylinders rarely No connections were given LPG was free forever Nobody cooks

Refill costs matter.

We believe knowledge should be open to everyone, not limited by barriers.

Welcome to EconReads

This site is made for visually impaired learners, so our read-aloud reader is already switched on to help you explore hands-free.

You're in control - turn it off any time using the Reader button at the top of the page.

यह साइट दृष्टिबाधित शिक्षार्थियों के लिए बनाई गई है, इसलिए हमारा ज़ोर से पढ़ने वाला रीडर आपको बिना हाथ लगाए घूमने में मदद के लिए पहले से चालू है।

नियंत्रण आपके हाथ में है - पेज के ऊपर मौजूद रीडर बटन से इसे कभी भी बंद करें।

Don't show this message again

EconReader Reading speed Ready