Discussion
Statement: Should India create a huge oil reserve like some Western countries to face difficult situations in future?
Arguments:
1. No. There is no need to block huge amount of foreign exchange and keep the money idle.
2. Yes. This will help India withstand shocks of sudden rise in oil prices due to unforeseen circumstances
Answer: B
Correct answer: Only argument II is strong
Argument 2 gives the purpose of a reserve: it carries the country through an interruption of supply or a sudden rise in price. Argument 1 calls the money idle, which mistakes insurance for waste. Only II is strong.
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