Preliminary > Economic Development > Miscellaneous > External sector
Why in news?
About India’s crude oil import:
Consider the following statements:
1. India is the world’s largest crude oil consumer of the world.
2. Over the last decade, India’s largest supplier of crude oil is Iran
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2