What is the full form of "ONGC"?
A. Industrial Credit and Investment Corporation of India
B. Foreign Direct Investment
C. Compounded Annual Growth Rate
D. Oil and Natural Gas Corporation
Answer: Option D
Solution(By Examveda Team)
Oil and Natural Gas Corporation (ONGC) is an Indian government-owned crude oil and natural gas corporation. Its registered office is in New Delhi. It is under the ownership of Ministry of Petroleum and Natural Gas, Government of India. It is the largest oil and gas exploration and production company in the country, and produces around 70% of India's crude oil (equivalent to around 57% of the country's total demand) and around 84% of its natural gas. In November 2010, the Government of India conferred the Maharatna status to ONGC.Related Questions on Business Abbreviations
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