Question

Statement : Should India create a huge oil reserve like some Western countries to face difficult situations in future ?
Arguments :
I. No. There is no need to block huge amount of foreign exchange and keep the money idle.
II. Yes. This will help India withstand shocks of sudden rise in oil prices due to unforeseen circumstances.

• A. Only argument I is strong
• B. Only argument II is strong
• C. Either I or II is strong
• D. Neither I nor II is strong
• E. Both I and II are strong

Answer 1

The correct option is B Only argument II is strong

Should India create a huge oil reserve like some Western countries to face difficult situations in future ?

Oil which is very important and scarce resource to run basic economical activities is always needed therefore it should be kept in reserve for unforeseen events to tackle the situation.

Thus, argument II is strong and I is vague.

Hence, Option B is correct.