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Which of the following is an example of Cartel?

A. OPEC

B. IMF

C. WTO

D. UNO

Answer: Option A

Solution(By Examveda Team)

The Organization of Petroleum ‐ Exporting Countries (OPEC) is perhaps the best ‐ known example of an international cartel; OPEC members meet regularly to decide how much oil each member of the cartel will be allowed to produce.

This Question Belongs to General Knowledge >> World Organisations

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