USA lifted the 40 year ban on export of oil - GS questions based on daily current affairs

1)   Which country lifted the 40 year ban on export of oil?

a. Iran
b. USA
c. Iraq
d. Libya
Answer  Explanation 

ANSWER: USA

Explanation:
- US politicians have approved a measure to lift the 40-year ban on crude oil exports.
- US oil producers will now be able to sell crude to the already saturated international market.
- the ban was imposed after Arab oil embargo that had sent global shooting up of oil prices in 1974.