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.
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.
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.
Updated On: Oct 24, 2024
- only Argument I is strong.
- only Argument II is strong.
- either I or II is strong.
- neither I nor Il is strong.
Show Solution
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The Correct Option is B
Solution and Explanation
The correct option is (B):only Argument II is strong.
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