SSC
WORLD GEOGRAPHY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It has increased the wealth of the economy but also led to foreign debt.
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spending
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ordering it
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maintaining it
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Detailed explanation-1: -The growing demand for oil meant many Middle Eastern countries could now pay for a more effective infrastructure. Hundreds of engineering projects in the 1950s and 1960s transformed the lives of entire populations as a result.
Detailed explanation-2: -Tectonic activity – With tectonic activity over millions of years, the Tethys Ocean receded and Middle East was converted into dry, sandy desert. This exposed the topmost layers underneath which vast amounts of oil and natural gas deposits are present.
Detailed explanation-3: -Oil became a weapon in the international struggle against Israel and its allies. Production was cut and embargo measures imposed on those countries deemed to be unfriendly, countries which directly depended on outside sources for almost two thirds of their imports.