Consider the following statements about Indian Oil (IOCL):
(A) IOCL plans diversification into alternative energy sources.
(B) IOCL has begun waste management strategies by enhancing recycling efforts.
(C) The success story of IOCL is said to be written not in ‘Letters of Gold’ but in ‘Green’.
(D) The plans announced by IOCL are detailed steps that are ready for implementation.
Which of the statements given above are correct?
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → (A), (B) and (C) only
(A) IOCL plans diversification into alternative energy sources. — Correct. IOCL aims to give sustainable and affordable energy through planned diversification into alternative energy sources.
(B) IOCL has begun waste management strategies by enhancing recycling efforts. — Correct. In the spirit of sustainable planning, IOCL has begun waste management strategies and is recycling more.
(C) The success story of IOCL is said to be written not in ‘Letters of Gold’ but in ‘Green’. — Correct. The story is called ‘Green’ because the company aims at net zero operational emissions.
(D) The plans announced by IOCL are detailed steps that are ready for implementation. — Incorrect. IOCL’s plans are broad statements. They still have to be broken down into steps before they can be put into action.
Note: A chapter often opens with a real company story. Read that opening box too, since its lines can turn up as statements in the exam.
NCERT (2026-27 Edition): “Introduction You have just read about the plans of Indian Oil Company Limited (IOCL). Of course, these are broad statements given by the company and they have to be broken down into steps for implementation. This is an example of a company with a nation‑wide reach striving to be one of the top companies in India. Further more, every organisation whether it is government-owned, a privately owned business or a company in the private sector requires planning. The government makes five year plans for the country, a small business has it’s own plans, while other companies have big plans, sales plans, production plans. All of them have some plans. …”
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