What is black gold?

A. Raw gold

B. Petrol

C. Coal

D. Carbon

Question

Question

This question was previously asked in

NTPC Tier I (Held On: 12 Apr 2016 Shift 2)

Answer 1

The correct answer is Petrol.

Key Points

Petrol is black gold.
- Black gold is a term applied to oil or petroleum, which is black when it comes out of the ground and is worth a great deal of money.
- Prior to the mid-19th century, oil from animal tallow (fat) and whale blubber was used as a lubricant and fuel.
Hence, option 1 is correct.

Additional Information

Petroleum is referred to as “Black Gold.”
- This name itself is an indication of its importance to humans.
Crude oil is considered to be the “mother of all commodities” as it is used to manufacture various products such as pharmaceuticals, plastics, gasoline, synthetic fabrics, etc
Petroleum or oil has also been the world’s leading source of energy since the 1950s.
Petroleum is a liquid that occurs naturally in rock formations.
- This consists of a complex mixture of different molecular weights of hydrocarbons, plus other organic compounds.
Some petroleum-produced chemical compounds are also obtained from other fossil fuels.