Question

Where is the Oil and Natural Gas Commission located?
A- Haldia
B- Dehradun
C- Ankleshwar
D- Cambay

Answer 1

Hint:This place is the winter capital of the Indian state of Uttarakhand, the most populated city. ONGC and the state-owned firm, Oil India Ltd., are responsible for much of the country's crude oil and gas exploration and development. In refining, trading and marketing, a separate state-owned company, the huge Indian Oil Corporation, is predominant.

Complete answer:
Located in Dehradun, India's largest oil exploration and production agency, the Oil and Natural Gas Commission (ONGC) is structured as a state legislative body rather than a public corporation, but is managed on a profit-making basis with revenues flowing to the Indian Exchequer. In 1989-1990, ONGC claimed to have made the greatest profit in the "India's corporate world."
ONGC aims to help the nation achieve self-reliance on equipment, products and services related to oil. By working with a consortium of Indian firms comprising Hindustan Shipyard Ltd., Burn Standard Company Ltd., Confederation of Engineering Industry, and Larsen & Toubro, ONGC has attempted to speed up this indigenization. The business estimates that this development has resulted in the supply of over 50 percent of the equipment and material requirements of the oil industry to the domestic industry.

Hence the correct answer is option ‘B’.

Note:Headquartered in Dehradun, the Oil and Natural Gas Commission is the largest petroleum exploration and development body in India. The ONGC and other state-owned oil companies trace their roots back to India's newly independent government's 1948 resolution. The 1948 Industrial Policy Resolution stated that unless expressly approved, all new units in the Indian oil industry must be government-owned.