Petroleum is called the 'Liquid Gold' because _______.

It is used in all economic activities

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It is a very costly fuel

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It is available in liquid state

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It is available beneath the ocean beds

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Solution

The correct option is B It is a very costly fuel
Petroleum is known as Liquid Gold because of its high value in the market. It also serves directly or indirectly as a source for many organic products which are useful to humans. Like gold, it is expensive and difficult to find.

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