Directions : Each of the following question consists of a statement followed by two arguments I and II. You have to decide which of the arguments is a STRONG arguments and which is a WEAK Argument. 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.

The correct answer is: Only argument II is strong.

Argument I is weak because it does not consider the potential benefits of creating a huge oil reserve. For example, such a reserve could help India to withstand shocks of sudden rise in oil prices due to unforeseen circumstances. Argument II is strong because it does consider the potential benefits of creating a huge oil reserve.

Here are some additional details about each argument:

• Argument I: No. There is no need to block huge amount of foreign exchange and keep the money idle.

This argument is weak because it does not consider the potential benefits of creating a huge oil reserve. For example, such a reserve could help India to withstand shocks of sudden rise in oil prices due to unforeseen circumstances. In addition, the money that is used to create a huge oil reserve would not be idle, but would be used to purchase oil.

• Argument II: Yes. This will help India withstand shocks of sudden rise in oil prices due to unforeseen circumstances.

This argument is strong because it considers the potential benefits of creating a huge oil reserve. A huge oil reserve would help India to withstand shocks of sudden rise in oil prices due to unforeseen circumstances. For example, if the price of oil suddenly doubled, India would be able to continue to import oil without having to pay the higher prices. This would help to protect India’s economy from the negative effects of a sudden rise in oil prices.