NEET BIOLOGY

Detailed explanation-1: -Russia has some of the largest oil deposits on the planet, although most of them are in the remote Asian part of the country. Russia is also the world’s largest exporter of natural gas. Norway has significant oil deposits, and is the world’s second-largest exporter of natural gas.

Detailed explanation-2: -Europe commands abundant resources of hard and soft coal, which remains of considerable, if declining, importance as a fuel for the smelting of minerals and as the source of many by-products.

Detailed explanation-3: -Natural resources account for 20% of world trade and dominate the exports of many countries. Policy is used to manipulate both international and domestic prices of resources, yet policy is largely outside the disciplines of the WTO.