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UPSC 2020: 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
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Not attemptedCorrect Answer: (a) Crude oil
West Texas Intermediate (WTI) is a light, sweet crude stream produced in Texas/Oklahoma and is used worldwide as a benchmark for pricing crude oil futures. It is unrelated to bullion, rare-earths or uranium grades. ([eia.gov](https://www.eia.gov/tools/glossary/index.php?id=West+Texas+Intermediate+%28WTI+-+Cushing%29&utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 2020 Indian Economy question?▼
The correct answer is option (a): Crude oil. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Financial Markets & Capital Markets question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2020, GS Paper 1, as Question 53. It falls under Indian Economy > Financial Markets & Capital Markets.
What is the difficulty level of this UPSC question?▼
This question is rated "easy". It tests basic recall and most well-prepared aspirants should answer it correctly.
How many UPSC Prelims questions have been asked from Financial Markets & Capital Markets?▼
UPSC has asked 39 questions from Financial Markets & Capital Markets (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.