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At present extraction rates, world crude oil reserves would last about:

A20 years
B100 years
C200 years
D50 years
Answer & Solution
Correct answer: D. 50 years
1. India must import oil. 2. World reserves would last about 50 years. 3. New discoveries add to the stock but it is finite. _Source: syllabus Understanding Economic Development, Chapter 1, Development._
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