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 foreign exchange and keep the money idle.II. Yes, this will help India with stand shocks of sudden rise in oil prices due to unforeseen circumstances.
Answer: Option B
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I is weak because it simply negates the need of oil reserves. II is strong because such oil reserves will play a major role in bearing the brunt of the rise in oil prices due to unforeseen reasons.
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