India resumes Venezuelan crude imports

1. Question 1Answer A

   Kpler estimated India would take how many million barrels of Venezuelan crude in April 2026?

   • ACorrect answer: 10-12
   • B2-4
   • C20-25
   • D5-6

   Core Trigger: Kpler estimated on 7 April 2026 that India would take about 10-12 million barrels of Venezuelan crude that month.From Book 1 RATNA, topic 170, point 1

2. Question 2Answer A

   Consider: 1. April 2026 was the first month since May 2025 with Venezuelan deliveries. 2. It was the highest in over ten years. Which is/are correct?

   • ACorrect answer: Only 1
   • BOnly 2
   • CBoth 1 and 2
   • DNeither

   Gap Ended: April 2026 was the first month since May 2025 with Venezuelan deliveries, and the highest in over six years.From Book 1 RATNA, topic 170, point 2

3. Question 3Answer B

   Who was Venezuela's interim leader in February 2026?

   • ANicolas Maduro
   • BCorrect answer: Delcy Rodriguez
   • CJuan Guaido
   • DHenrique Capriles

   Key Figures: Delcy Rodriguez was Venezuela's interim leader in February 2026; Chris Wright is US Secretary of Energy.From Book 1 RATNA, topic 170, point 3

4. Question 4Answer C

   Which crude grade did BPCL and HPCL-Mittal Energy buy?

   • AUrals
   • BBasrah Medium
   • CCorrect answer: Merey
   • DMurban

   Crude Grade: BPCL and HPCL-Mittal Energy bought Merey, a heavy grade yielding more diesel and jet fuel.From Book 1 RATNA, topic 170, point 4

5. Question 5Answer A

   India imports over 88% of its crude from over how many countries?

   • ACorrect answer: 41
   • B21
   • C31
   • D51

   Data Point: India imports over 88% of its crude from over 41 countries; over 40% transits the Strait of Hormuz.From Book 1 RATNA, topic 170, point 5

6. Question 6Answer B

   Which firm made its first-ever Venezuelan crude purchase?

   • AReliance Industries
   • BCorrect answer: BPCL
   • CIndian Oil
   • DNayara Energy

   Stakeholders: Reliance got a US general licence (reported 13 February 2026); BPCL made its first-ever Venezuelan purchase.From Book 1 RATNA, topic 170, point 6

7. Question 7Answer D

   Reliance runs the world's largest single-site refinery complex at which place?

   • ABathinda
   • BParadip
   • CMangalore
   • DCorrect answer: Jamnagar

   Key Refineries: Reliance runs the world's largest single-site refinery complex at Jamnagar, Gujarat; HMEL runs one at Bathinda, Punjab.From Book 1 RATNA, topic 170, point 8

8. Question 8Answer C

   OPEC was founded with Venezuela among five founders at which city's conference?

   • AVienna
   • BGeneva
   • CCorrect answer: Baghdad
   • DCaracas

   Founded: Venezuela was one of OPEC's five founder members at the Baghdad Conference in September 1960.From Book 1 RATNA, topic 170, point 9

9. Question 9Answer B

   On which date did the US OFAC designate PdVSA?

   • A18 October 2023
   • BCorrect answer: 28 January 2019
   • C13 February 2026
   • D7 April 2026

   Landmark: The US OFAC designated PdVSA on 28 January 2019 under Executive Order 13850; India's imports soon stopped.From Book 1 RATNA, topic 170, point 10

10. Question 10Answer C

    Consider: 1. On 18 October 2023 OFAC licences including GL 44 suspended key oil sanctions for six months. 2. A general licence allows a class of transactions despite sanctions. Which is/are correct?

    • AOnly 1
    • BOnly 2
    • CCorrect answer: Both 1 and 2
    • DNeither

    Definition: A general licence is a US Treasury authorisation allowing a class of transactions despite sanctions.From Book 1 RATNA, topic 170, point 12

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