When was Oil India Limited (OIL) incorporated as a company?
1959
Oil India Limited was incorporated as a company in 1959, following the discovery of oil in Naharkatiya, Assam, in 1953.
It later became a public sector undertaking under the Ministry of Petroleum and Natural Gas, engaged in exploration, production, and transportation of crude oil and natural gas.
Hence, OIL was incorporated in 1959.
Similar Questions
- In which year was the National Bank for Agriculture and Rural Development (NABARD) established?
- IDBI (Industrial Development Bank of India) was established in:
- In the context of provident fund, UAN stands for:
- The 'National Pension Scheme' ('NPS') is regulated by:
Important Questions from Financial Organisations
In 2025, which Indian regulatory body launched the 'Digital India Financial Literacy Mission' to enhance awareness about digital finance and online fraud prevention?
- Which All-India Financial Institution coordinates financing of Micro, Small and Medium Enterprises (MSME) according to the Dept of Financial Services Annual Report 2024-25 published in March 2025?
Consider the following statements regarding the Corporate Debt Market Development Fund (CDMDF) :
1. It will be established as an Alternative Investment Fund.
2. Contribution to the fund shall be mandatory for specified debt-oriented Mutual Fund Schemes and Asset Management Companies.
3. Initially, it will be established for 5 years and can be extended as per SEBI's mandate.
How many of the statements given above are correct?
- Which significant new financial institution was launched in June 2025 to support India's maritime economy?
- In which year was the National Bank for Agriculture and Rural Development (NABARD) established?
