What is the main objective of OPEC?

C. To co-ordinate and unify petroleum policies among Member Countries

A. To regulate global stock markets

B. To promote free trade among all oil-consuming nations

C. To co-ordinate and unify petroleum policies among Member Countries

D. To provide humanitarian aid to developing countries

General Knowledge · Economic Organizations & Alliances · page 2 of 3

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Organization of the Petroleum Exporting Countries (OPEC) MCQs (11–20)

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Past paper MCQs in this chapter · See all past papers

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11.
Which is the World's biggest oil exporter?
Correct Answer: C. Saudi Arabia
One-liner
Saudi Arabia is the world's biggest oil exporter.
12.
Past Paper MCQ
Which of the following countries is not a member of OPEC?
Correct Answer: B. Malaysia
One-liner
Malaysia is not a member of OPEC; it was once a member but left the organization in 2016.
13.
Which is the most traded product in the world?
Correct Answer: C. Oil
One-liner
The most traded product in the world is Oil.
14.
Which country is the largest oil producer in Africa?
Correct Answer: D. Nigeria
One-liner
Nigeria is the largest oil producer in Africa.
15.
Past Paper MCQ
Which country is the largest oil producer in OPEC?
Correct Answer: D. Saudi Arabia
One-liner
Saudi Arabia is the largest oil producer among OPEC member countries.
16.
Past Paper MCQ
Which country is the second largest oil producer in the world?
Correct Answer: B. Saudi Arabia
One-liner
Saudi Arabia is the second largest oil producer in the world, after the United States.
17.
OPEC is an organization for _ .
Correct Answer: A. Oil exporting countries
One-liner
OPEC is an organization for oil exporting countries.
18.
When was the Organization of the Petroleum Exporting Countries (OPEC) created?
Correct Answer: D. September 10-14, 1960
One-liner
OPEC was created on September 10-14, 1960 at the Baghdad Conference by five founding members: Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela.
19.
The main export of Saudi Arabia is _?
Correct Answer: B. Crude oil
One-liner
The main export of Saudi Arabia is crude oil.
20.
What is the main objective of OPEC?
Correct Answer: C. To co-ordinate and unify petroleum policies among Member Countries
One-liner
The main objective of OPEC is to co-ordinate and unify petroleum policies among Member Countries.

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Organization MCQs with Answers

Organization of the Petroleum Exporting Countries (OPEC) MCQs (11–20)

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