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 foreihn 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

Answer: (B)

Only argument II is strong

Oil, being an essential commodity, our country must keep it in reserve. So, argument I is vague, while argument II holds as it provides a substantial reason for the same.