ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which industry does the government of Saudi Arabia heavily control?
A
Oil
B
Agriculture
C
Technology
D
Textile Manufacturing
Explanation: 

Detailed explanation-1: -Petroleum. The economy of Saudi Arabia is dominated by petroleum and its associated industries.

Detailed explanation-2: -Regional government The governors are responsible for such functions as finance, health, education, agriculture, and municipalities. The consultative principle operates at all levels of government, including the government of villages and tribes.

Detailed explanation-3: -The government largely controls the economy. Saudi Arabia’s main export is oil. The oil industry has made the Saudi royal family quite wealthy.

Detailed explanation-4: -Saudi Arabian Oil Co (Saudi Aramco) is a state owned energy and chemical company.

Detailed explanation-5: -Saudi Aramco Total Refining and Petrochemical company.

There is 1 question to complete.