| Which of the following statements are not true regarding Government Policy on Petroleum and Natural gas? |
| 1. Under NELP, National Oil Companies compete on an advantage with Indian and foreign companies to secure Petroleum Exploration Licences. |
| 2. Government backs companies in acquiring equity oil and gas assets overseas in order to enhance energy security. |
| 3. Government has approved a comprehensive CBM policy in 1997 to harness Coal Bed Methane (CBM) - a natural gas (Methane) absorbed in coal and lignite seams and an eco-friendly source of energy. |
| 4. The quality of auto fuels is not yet upgraded to Bharat Stage (BS) TV/III grades in the country in line with auto fuel policy. |
| Select the correct answer using the code given below: |
A) 1 and 2 only
B) 1 and 3 only
C) 1 and 4 only
D) 3 and 4 only
Correct Answer: C
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