UPSC Prelims Practice Questions — Trump strikes deal with Putin to get diesel in sharp reversal of U.S. policy

Q1. With reference to trade in crude oil and refined petroleum products, consider the following statements: Which of the statements given above is/are correct?

  1. A country that depends on imports for most of its crude oil can still be a net exporter of refined petroleum products.
  2. A country that is a net exporter of refined petroleum products is, for that reason, insulated from disruptions in crude oil supply.
  • A. 1 only
  • B. 2 only
  • C. Both 1 and 2
  • D. Neither 1 nor 2

Q2. Russia's influence on world oil supply is often discussed with reference to 'OPEC+'. Which one of the following best describes OPEC+?

  • A. A G7-led mechanism restricting services for Russian seaborne oil that is sold above a set price
  • B. An enlarged OPEC in which Russia has become a full member with voting rights equal to others
  • C. A grouping in which OPEC members align output decisions with non-member producers such as Russia
  • D. An arrangement obliging oil-importing countries to hold emergency stocks equal to 90 days of imports

Q3. Consider the following statements: Which of the following is correct in respect of the above statements?

  1. Under the Constitution of the United States, the President can be removed from office through a vote of no-confidence passed by the House of Representatives.
  2. The Constitution of the United States establishes independent executive, legislative and judicial branches linked by a system of checks and balances.
  • A. Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
  • B. Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
  • C. Statement-I is correct, but Statement-II is incorrect
  • D. Statement-I is incorrect, but Statement-II is correct