Q112 (CDS-I/2013) Economy › External Sector & Trade › External Sector & Trade

The government of India has recently made it mandatory for oil marketing companies to blend 5% ethanol with petrol. Which of the following is/are the likely consequence/consequences of the policy? 1. Lower Indias dependence on the fossil oil 2. Reduce fuel import bill select the correct answer using the code given below.

A

1 only

B

2 only

C

both 1 and 2

D

neither 1 nor 2

Check answer