question_answer

      Which statement is correct regarding energy?  

I. Coal was the most important source of energy during the Industrial Revolution. In the 20th century which was an even cheaper source.

II. When the oil producing countries formed a cartel (OPEC) and increased the price of crude oil from 2.1 per barrel in 1973 to as much as 28 per barrel in 1980, it hit the developing countries like India the most.

A) Only I                          

B) Only II

C) I & II                

D) None of these

Correct Answer: C

Solution :

Coal was the most important source of energy during the Industrial Revolution. In the 20th century, it was replaced by oil, which was an even cheaper source. When the oil producing countries formed a cartel (OPEC) and increased the price of crude oil from 2.1 per barrel in 1973 to as much as 28 per barrel in 1980, it hit the developing countries like India the most.