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. [5059]

Q) 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.

Options:
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

Answer

B) Only argument II is strong

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