Organization of the Petroleum Exporting Countries (OPEC) Quiz

Questions : 10 | Total Attempts: 529 | Recent Updated: 30-Nov-2021
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The petroleum oil exporter countries have formed this corporation OPEC. This organization's goal is to secure fair and stable prices for petroleum oil producers, an efficient, economical, and continuous supply of petroleum to the consuming nations, and a fair benefit for those investing in the oil industry. To promote coordination and integration. The formation of OPEC marked a turning point toward national sovereignty over natural resources, and OPEC decisions have come to play a prominent role in the global oil market and international relations. The effect can be particularly strong when wars or civil disorders lead to extended interruptions in supply. Let’s get well knowledge about the Organization of the Petroleum Exporting Countries.

Questions Excerpt


1. When was the Organization of the Petroleum Exporting Countries (OPEC) formed?

A. September 1960

B. September 1961

C. September 1963

D. September 1965

2. When was the Organization of the Petroleum Exporting Countries (OPEC) comes In effect?

A. January 1961

B. February 1961

C. March 1961

D. April 1961

3. Who is the Secretary-General of Organization of the Petroleum Exporting Countries (OPEC) In the year 2020?

A. Rilwanu Lukman

B. Mohammed Barkindo

C. Ahmadu Bello

D. Abdullah Tariki

4. What are the numbers of Membership country in OPEC till March 2020?

A. 10

B. 12

C. 13

D. 15

5. Which of the following is the currency of OPEC?

A. USD

B. INR

C. Dinar

D. Kuwaiti dinar

6. Which of the following is the member currency of OPEC?

A. Iran

B. Iraq

C. Kuwait

D. All of the above

7. Which of the following is the headquarter of OPEC?

A. Vienna

B. Equatorial Guinea

C. United Arab Emirates

D. Republic of the Congo

8. Which of the following is the Lapsed members of OPEC?

A. Ecuador

B. Option 2

C. Qatar

D. All of the above

9. Which of the following is the Observers of OPEC?

A. Egypt

B. Mexico

C. Norway

D. All of the above

10. When did Ecuador announced that it would leave OPEC?

A. 1 January 2020

B. 1 February 2020

C. 1 March 2020

D. 1 January 2019

 

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