In the question given below consists of a statement, followed by two arguments number I and II. You have to decide which of the arguments is a ‘strong’ argument.

Statement:

Should India create a huge oil reserve like some western countries to face difficult situation in future?

Argument:

(I) No, there is no need to block huge amount of foreign exchange and keep money idle.

(II) Yes, this will help India withstand shocks of sudden rise in oil prices due to unforseen circumstances. 

Given Statement:

Should India create a huge oil reserve like some western countries to face difficult situation in future?

Argument:

(I) No, there is no need to block huge amount of foreign exchange and keep money idle.

Not a strong Argument.

This statement focuses on the potential economic drawback of tying up large amounts of foreign exchange in an oil reserve, but it doesn't address the more important benefit of preparedness for oil price fluctuations.  Additionally, Argument I assumes that the money would be completely idle, which is not necessarily true as reserves can be strategically released and used when needed. 

(II) Yes, this will help India withstand shocks of sudden rise in oil prices due to unforseen circumstances.

Stong argument.

Effectively supports the statement by highlighting the key benefit of creating an oil reserve. It allows India to withstand sudden price increases in oil, which is a crucial commodity for the country. This is a practical and strategic reason for building a reserve.

Thus, Only argument II is strong.

Hence, the correct answer is "Option 2".