Logical Reasoning - Statement and Argument - Discussion

Each question given below consists of a statement, followed by two arguments numbered I and II. You have to decide which of the arguments is a 'strong' argument and which is a 'weak' argument.

Give answer:

  • (A) If only argument I is strong
  • (B) If only argument II is strong
  • (C) If either I or II is strong
  • (D) If neither I nor II is strong and
  • (E) If both I and II are strong.

32. 

Statement: Should the oil companies be allowed to fix the price of petroleum products depending on market conditions?

Arguments:

  1. Yes. This is the only way to make the oil companies commercially viable.
  2. No. This will put additional burden on the retail prices of essential commodities and will cause a lot of hardships 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

Answer: Option B

Explanation:

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.

Dan said: (Aug 24, 2016)  
If oil companies are not commercially viable they will not exist, and your essential commodity will not be extracted and exploited. "I" is a strong statement.

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