Q1. In the context of India's crude oil imports highlighted in the Economic Survey 2025-26, what does the term 'Indian Crude Basket' refer to?
- A. The list of countries from which India is permitted to import crude oil under bilateral hydrocarbon agreements
- B. The weighted average of Dubai-Oman (sour) and Brent Dated (sweet) crude oil prices used as the benchmark for pricing India's crude oil imports
- C. The volume-weighted physical blend of crude oils stored in India's Strategic Petroleum Reserves
- D. The composite import duty structure applied by the Government of India on different grades of imported crude oil