Question

Read the following passage carefully and answer the given questions. Certain words/phrases are given in bold to help you locate them while answering some of the questions.
Which of the following is the function of OPEC?

• A. Controlling speculation in oil.
• B. Ensuring profits are equally distributed to all its members.
• C. Monitoring inflation in oil prices and taking necessary steps to lower it.
• D. Guaranteeing political instability in oil exporting countries does not impact output.
• E. Determining prices of crude oil.

Answer 1

The correct option is C Monitoring inflation in oil prices and taking necessary steps to lower it.

The function of OPEC is monitoring inflation of oil prices and taking necessary steps to lower it.