Underrecovery in the oil sector explained

You must have come across the term underrecovery (UR), while reading newspaper articles related to the oil sector. Most people erroneously think that UR amounts to loss. But this is not true. Before we try to understand what exactly UR is, lets get few related terms clear. Upstream Company (UC) These are the companies which extract crude oil and supply it to the Oil Marketing Companies (OMCs). An eg. of upstream company would be ONGC. Oil Marketing Companies ( OMCs) They buy the crude oil… Continue Reading »


Prelims MCQs Quiz 21 : Economy

1. Receipts in budget can be capital or revenue. Which of these is/are capital receipts? 1. Loan recoveries 2. Provident funds deposits 3. Grants Select the correct answer using the codes given below. a) 1 and 2 only b) 1 and 3 only c) 2 and 3 only d) 1, 2 and 3 2. If a government is unable to pass the budget in Lok Sabha, then: a) a totally new budget is presented. b) the budget is revised and presented again. c) the government… Continue Reading »


Prelims MCQs Quiz 20 : Geography

1. Erosion in coastal areas forms different types of landform. Which of the following is/are erosional landform of coastal areas? 1. wave-cut platforms 2. Beaches 3. Capes and bays Select the correct answer using the codes given below. a) 1 and 2 only b) 1 and 3 only c) 2 and 3 only d) 1, 2 and 3 2. With reference to ownership of forests in India, consider the following statements: 1. Most of the forests are owned by corporate bodies. 2. A negligible portion… Continue Reading »


Prelims MCQs Quiz 19 : Polity

1. The Election Commission of India consists of Chief Election Commissioner (CEC) and two election commissioners (EC). With regard to these two officials, which of the following is/are correct? 1. CEC and EC receive equal salary. 2. CEC and EC are provided with security of tenure. 3. In case of difference of opinion amongst them, the view of CEC prevails. Select the correct answer using the codes given below. a) 1 only b) 1 and 2 only c) 1 and 3 only d) 2 and… Continue Reading »


Prelims MCQs Quiz 18 : Science

1. Bluetooth and Wi-Fi are two standards for wireless communication. With respect to the difference between the two, which of the following is/are correct? 1. Bluetooth is more secure than Wi-Fi. 2. While Bluetooth works at 2.45 GHz Wi-Fi works at 1.8 GHz. 3. Bluetooth consumes less power than Wi-Fi. Select the correct answer using the codes given below. a) 1 and 2 only b) 1 and 3 only c) 2 and 3 only d) 3 only 2. With reference to induced pluripotent stem cells… Continue Reading »


Prelims MCQs Quiz 17 : History

1. Raja Ram Mohan Roy was a central figure of the social and cultural awakening in the first half of the 19th century. Which of these is/are correct about him? 1. he was opposed to worship of idols. 2. he was against monotheism. 3. he opposed the prevalence of meaningless rituals. Select the correct answer using the codes given below. a) 1 and 2 only b) 1 and 3 only c) 2 and 3 only d) 1, 2 and 3 2. The British government sent… Continue Reading »


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