| Consider the following statements regarding the OPEC: |
| 1. At present OPEC has a total 12 member countries. |
| 2. The objective of OPEC was to control production and price of petroleum so as to safeguard the interests of oil exporting countries. Which of these statements is/are correct? |
A) Only 1
B) Only 2
C) Both 1 and 2
D) neither 1 nor 2
Correct Answer: C
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