Norway�s sovereign wealth fund is famous because state revenue is tied mainly to which offshore sector?
Q1. Norway�s sovereign wealth fund is famous because state revenue is tied mainly to which offshore sector?
Answer: North Sea oil and gas
Explanation: Norway's Government Pension Fund Global (commonly called the oil fund) is financed primarily by revenues from North Sea oil and gas extraction, including taxes, dividends, and licensing fees from the Norwegian Continental Shelf. Established in 1990, it has grown to become the world's largest sovereign wealth fund.