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Question : According to Ministry of Petroleum and Natural Gas, Government of India (2021-2022), which state in India is the largest producer of natural gas?

Option 1: Andhra Pradesh

Option 2: Maharashtra

Option 3: Tamil Nadu

Option 4: Assam

Team Careers360 16th Jan, 2024

Correct Answer: Assam


Solution : The correct option is Assam.

According to the Ministry of Petroleum and Natural Gas, Assam remains the largest producer of natural gas in India as of 2021–2022. Their official reports state Assam consistently leads with a production of approximately 8.3 million Metric Standard Cubic Metres per Day (MMSCMD). This figure solidifies Assam's crucial role in meeting India's natural gas needs.

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Question : Which of the following is not on the list of Maharatna?

Option 1: Coal India Limited

Option 2: Steel Authority of India Limited

Option 3: Hindustan Petroleum Corporation Limited

Option 4: Bharat Heavy Electrical Limited

Team Careers360 17th Jan, 2024

Correct Answer: Hindustan Petroleum Corporation Limited


Solution : The correct answer is Hindustan Petroleum Corporation Limited.

Companies that have generated or reported net profits of more than Rs 5000 crore for three straight years, average annual net worth of more than Rs 15000 crore for three years, or average annual revenue of more than Rs 25000 crore are given Maharatna status. With a subscribed capital of Rs. 339.33 crore, HPCL is an enterprise in the public sector. Since being taken over by the Government of India in 1974 and 1976, respectively, the shares are listed on the BSE and NSE and are actively traded.

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Question : Which of the following produces maximum crude petroleum in India at present ?

Option 1: Assam

Option 2: Gujarat

Option 3: Off-shore Bombay High

Option 4: Coastal Tamil Nadu

Team Careers360 14th Jan, 2024

Correct Answer: Off-shore Bombay High


Solution : The correct option is Off-shore Bombay High.

The offshore oilfield known as "Bombay High"  contributes the most crude petroleum output in India. This major offshore oilfield, located in the Arabian Sea off the west coast of India, is critical to the country's domestic crude petroleum output. It supplies around 63% of total output of India's petroleum. 

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Question : ________ is/are an item for which both GST and central excise duty are applicable in India.

Option 1: Alcohol for human consumption

Option 2: Tobacco and tobacco products

Option 3: Petroleum products

Option 4: All the agricultural commodities

Team Careers360 20th Jan, 2024

Correct Answer: Tobacco and tobacco products


Solution : The correct option is Petroleum products.

In India, petroleum products are subject to both the goods and services tax and the government excise levy. 20% of the cost of fuel and 17.6% of the cost of diesel is the central excise charge. For petrol, the national government charges an excise duty of Rs 32.9 per litre, while for diesel, it is Rs 31.8 per litre. These levies make up around half of the retail price of gasoline and diesel. The sale and manufacture of petroleum products are subject to state and federal taxes, respectively.

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