Question : The largest share in our imports is form
Option 1: North America
Option 2: European Community
Option 3: OPEC (Organisation of Petroleum Exporting Countries)
Option 4: African and Asian Developing Countries
Correct Answer: OPEC (Organisation of Petroleum Exporting Countries)
Solution : Correct Answer is OPEC (Organisation of Petroleum Exporting Countries)
The Organization of the Petroleum Exporting Countries (OPEC) is referred to by this acronym. It was established at the Baghdad Conference in September 1960 by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. It is a permanent intergovernmental organization. More than half of the world's oil production was accounted for by OPEC members by the early 1970s.
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