A-Category MCQs -5
MCQ 1 Which of the following best explains India’s vulnerability to the West Asia crisis?
A. Low industrial capacity
B. High dependence on oil imports
C. Weak currency
D. Lack of trade agreements
Answer: B
Explanation: India imports over 80% of its crude oil, much of it from West Asia. Any disruption raises energy costs, increases inflation, and affects fiscal stability.
This dependence m
Sign up free to read the full article
Access all current affairs, state notes, subject notes and more — completely free.