Q. Consider the following statements about OPEC:
1.It is a permanent intergovernmental organization of oil-exporting countries.
2.Russia is one of its founding members.
3.Its headquarters is located in Jeddah, Saudi Arabia.
How many of the statements given above is/are correct?

[A] Only one

[B] Only two

[C] All three

[D] None

Answer: A
Notes:

Explanation

  • Statement 1 is correct: OPEC is a permanent intergovernmental organization of oil-exporting countries, founded in 1960.
  • Statement 2 is incorrect: Russia is not a founding member; the founding members were Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela.
  • Statement 3 is incorrect: OPEC’s headquarters is in Vienna, Austria, not Jeddah, Saudi Arabia.

Source- TOI

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