Advertisements
Advertisements
Question
Which one of the following South American nation, is a part of OPEC?
Options
Brazil
Chile
Venezuela
Peru
Solution
Venezuela
Explanation:
Ecuador (500,000 barrels per day) OPEC members include Saudi Arabia (2.3 million barrels per day) and Venezuela (2.3 million barrels per day) (Organization of Petroleum Exporting Countries).
APPEARS IN
RELATED QUESTIONS
In which of the following trade blocs, is India an associate member?
What is meant by barter system?
When was WTO formed?
Where are the headquarters of EU?
Where are the headquarters of CIS?
When and how did slave trade begin?
Explain how geological structures, mineral resources and climate are the bases of international trade.
Why were regional trade blocs formed?
Write a note on history of international trade.
Name the regional trade bloc of which India is a member.
Assess the positive aspect of ‘trade liberalization'.
Slave trade was abolished in the USA in ____________.
GATT was formed in ____________.
In which trading block is Iceland?
Which is not included in SAARC?
How many types of trade?
India is the member of which trading block?
India's balance of trade is negative due to.
Which of the following is not an item of India s export ____________.
Diamond harbor is on the river ____________.
What does the Latin word 'Salarium' mean?
The headquarters of European Union is located at ______.
What is the main motive of OPEC countries?
European commerce grew after the disintegration of ______ Empire with the development of ocean going warships in 12th century AD.
Match the following.
| List I (Organisation) |
List II (Established) |
| A. ASEAN | 1. 1995 |
| B. WTO | 2. 1967 |
| C. NAFTA | 3. 1994 |
I. The WTO however has been criticized and opposed by those who are worried about the effects of Free trade and economic globalization.
II. Free trade does not make ordinary people‟s lives more prosperous.
"Undertaking international trade is mutually beneficial to nations." Justify the statement.
Explain how the 'size of population' and the stage of 'economic development' are the bases of international trade.
On the given political map of the World, seven geographical features have been marked as A, B, C, D, E, F and G. Identify any five with the help of the following information and write their correct names on the lines drawn near each feature.
- A major seaport.
- An international airport.
- An important Seaway.
- An area of subsistence gathering in South America.
- An important seaport of Asia.
- An area of Nomadic Herding.
- Region of extensive commercial grain agriculture.
