1. Statement: Should India create a huge oil reserve like some Western countries to face difficult situations in future? Arguments: No. There is no need to block huge amount of foreign exchange and keep the money idle. Yes. This will help India withstand shocks of sudden rise in oil prices due to unforeseen circumstances.
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By: guest on 02 Jun 2017 01.29 am
Oil, being an essential commodity, our country must keep it in reserve. So, argument I is vague, while argument II holds as it provides a substantial reason for the same.