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National - Current Affairs and GK

Q1:

when does India plan to construct its inaugural privately managed strategic petroleum reserve (SPR)?

A 2025-26

B 2029-30

C 2035-36

D 2040-41

ANS:B - 2029-30

India's plan to construct its inaugural privately managed strategic petroleum reserve (SPR) by 2029-30 is a strategic move aimed at enhancing energy security and flexibility in oil trading, aligning with global models adopted by countries like Japan and South Korea.