The correct answer is: D. Neither I nor II is strong.
Argument I is not strong because it is based on the assumption that Kashmir is a beautiful state and earns a lot of foreign exchange for India. However, these are not the only factors to consider when making a decision about whether or not to give away Kashmir. Other factors to consider include the history of the region, the wishes of the people of Kashmir, and the potential consequences of giving away Kashmir.
Argument II is not strong because it is based on the assumption that giving away Kashmir would help settle conflicts. However, there is no guarantee that giving away Kashmir would actually help settle conflicts. In fact, it is possible that giving away Kashmir could actually make conflicts worse.
Therefore, neither argument I nor argument II is strong.