Q. With reference to the International Energy Agency, consider the following statements:
1.It was established based on the framework of the Organisation for Economic Co-operation and Development (OEC)
2.The IEA releases World Energy Outlook.
3.India is a fulltime member of IEA.
Which of the statements given above is/are correct?
Answer: D
Notes:
- Statement 1 is correct: It was established in the framework of the Organisation for Economic Co-operation and Development (OECD) in 1974 in the wake of the 1973 oil crisis.
- Statement 2 is correct: IEA is best known for the publication of its annual World Energy Outlook.
- Statement 3 is incorrect: Recently, the International Energy Agency (IEA) has invited India to become its full-time member. If accepted, India will have to raise strategic oil reserves to 90 days’ requirement.
