| Statement: |
| Should the oil companies be allowed to fix the price of petroleum products depending on market conditions? |
| Arguments: |
| I. Yes. This is the only way to make the oil companies commercially viable. |
| II. No. This will put additional burden on the retail prices of essential commodities and will cause a lot of hardship to the masses. |
A) only argument I is strong
B) only argument II is strong
C) either I or II is strong
D) neither I nor II is strong
E) both I and II are strong
Correct Answer: B
Solution :
Explanation Option [b] is correct. Clearly, oil is an essential commodity and its prices govern the prices of other essential commodities. As such, the interest of the common people must be taken care of, rather than the profitability of some oil companies. So, only argument II holds strong.
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