Question

1.Which of the following countries has agreed to accept the payment of export of oil and petroleum products to India, in rupee terms instead of dollar or any other currency?

(A) Kuwait 

(B) UAE 

(C) Iran 

(D) Iraq 

(E) Libya 

Answer 1

hey mate here is your answer
if it is good for you so please make me brainliest
option C) Iran is your answer
please make me brainliest

Answer 2

Answer:

C

Step-by-step explanation:

Hey friend,

Iran is the country which has agreed to export petroleum and oil against payment in rupee instead of dollar.

India has made a deal with Iran to buy petroleum and oil by paying in Rupees. With this India has also dropped the quantity of petroleum and oil so as not put any impact on the US and Iran financial transactions.

This switch of currency will help the Indians in buying more of petroleum as compared to before and the rate of consumption is altered accordingly.

Thanks for asking.