Wednesday 16 March 2016

Hydrocarbon Exploration Licensing Policy, 2016 [HELP]

1) Which one of the following options is not the key feature of this policy ?

a) Single license system.
b) Profit- sharing mechanism.
c) Open acreage policy.
d) Marketing and pricing freedom.

2) The former ' New Exploration Licensing Policy (NELP) provided for :

a) Revenue sharing mechanism.
b) Multiple licensing regime.
c) Price regulation by government.
d) Both b and c

Answers :

1) b, Revenue sharing mechanism
2) d

Reference : HELP policy ( Pib link)

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