RBI Grade B Officers 16 Aug 2018 Paper

In making decisions about important questions, it is desirable to be able to distinguish between ‘strong’ arguments and ‘weak’ arguments. ‘Strong’ arguments are those, which are both important and directly related to the question. ‘Weak’ arguments are those, which are of minor importance and also may not be directly related to the question or may be related to a trivial aspect of the question. The question below is 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.
Statement-
Should the oil companies be allowed to fix the price of petroleum products based 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 causing hardship to the masses.