Q53 · UPSC Prelims 2020 · Set A · Current Affairs and GK

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The term 'West Texas Intermediate', sometimes found in news, refers to a grade of

A Crude oil
B Bullion
C Rare earth elements
D Uranium

Correct answer: (a) Crude oil

Explanation

  1. A

    Crude oil

    Crude oil. WTI is a light sweet US benchmark grade.

  2. B

    Bullion

    Bullion. Gold/silver, not WTI.

  3. C

    Rare earth elements

    Rare earths. Unrelated.

  4. D

    Uranium

    Uranium. Unrelated.

Summary. Official key is (a). West Texas Intermediate is a grade of crude oil — the New York benchmark, beside Brent and Dubai/Oman.