Question

Why mineral oil is known as black gold?

• A. Mineral oil is found in earth's surface and ocean floor.
• B. Mineral oil reserves are inexhaustible.
• C. Mineral oil has high demand.
• D. Mineral oil has blackish colour and is expensive

Answer 1

Answer: (A), (C), (D)

The correct options are
A Mineral oil is found in earth's surface and ocean floor.
C Mineral oil has high demand.
D Mineral oil has blackish colour and is expensive

Mineral oil is also known as black gold because of the following reasons:

- It is found in earth's surface and ocean floor.
- It is limited in availability and hence it is exhaustible.
- It has high demand.
- It is black in colour and has high cost.