Q. Consider the following statements:

1. Oil India Ltd was incorporated in collaboration with Burmah Oil Company.
2. Till Independence, Assam was the only oil producing state in India.
3. Assam Oil Fields are the richest oil fields in India.

Which of the above statements is/are correct?
Answer: 1 and 2 are correct
Notes: Statements 1 and 2 are correct. Oil India Ltd was established in 1959 in collaboration with Burmah Oil Company. Before India's independence, Assam was indeed the only oil producing state. However, statement 3 is incorrect as Mumbai High oil fields surpass Assam in richness and production volumes. Therefore, only statements 1 and 2 are correct.