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The question could have been better for this one.
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Using ‘like’ is incorrect. A B and D can all be disqualified. E is wrong because it refers to Saudi Arabia and Venezuela as economies. C is the right answer.
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The oil-price drop creates vast numbers of winners in countries like India and China and give oil-dependent economies like Saudi Arabia's and Venezuela's an urgent reason to embrace reform.

A. countries like India and China and give oil-dependent economies like Saudi Arabia and Venezuela an urgent reason to embrace reform.
B. countries like India and China and gives oil-dependent economies like Saudi Arabia's and Venezuela's reason to urgently embrace reform.
C. such countries as India and China and gives oil-dependent economies such as Saudi Arabia's and Venezuela's an urgent reason to embrace reform.
D. such countries as India and China and gives oil-dependent economies like Saudi Arabia's and Venezuela's reason to urgently embrace reform.
E. such countries as India and China and gives oil-dependent economies such as Saudi Arabia and Venezuela reason to urgently embrace reform.

Let's understand the meaning first:
The oil-price drops is the subject, and we have 2 verbs that must be parallel to each other: creates and gives.
The price drop creates vast numbers of winners in countries - and we have 2 examples: India and China
and the price drop gives oil dependent economies a reason to embrace reform.
we are given 2 examples of oil dependent economies.

A. SV agreement error - the plural verb "give" does not agree in number with the noun "drop". First like is incorrectly used to give examples. Second like is incorrect as well, we do not have any comparison here.
B. Although the SV error is corrected, the like errors are still present. Furthermore, this one changes the meaning - urgent reason is not the same as reason to urgently embrace.
C. rectifies all the errors in the original sentence. Saudi Arabia's and Venezuela's are correctly written in possessive. Now it refers to Saudi Arabia's and Venezuela's economies.
D. first like is corrected, the second not. SV error is corrected as well. urgently embrace = not the same as urgent reason.
E. 2 errors here: Saudi Arabia and Venezuela are not 2 examples of economies. These are rather countries. Possessive is desirable here. same error = urgently embrace.

inspired from the Economist - 23-29 January 2016.

What is the problem with E ? Would anybody explain it elaborately?
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Why using like is incorrect. Can some one explain? Like is used for nouns, here we are saying countries (noun) like India (noun)..

such as is used to give examples. but still cannot differentiate how like is incorrect?
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TannyaChabbra Actually, the GMAT does not consistently rule "like" as incorrect for examples. In fact, "like" is used in this way in the Economist article that inspired this question. However, that usage can be confusing if it's not clear whether we mean to include India or just to refer to countries like India. For instance, look at this sentence:

Some of my friends, like Beyonce, are talented singers.

Am I saying that I am friends with Beyonce, or just that some of my friends resemble her in this one respect? If we consistently use "such as" for examples, then we can know which is intended. (And in case you're curious, Beyonce and I hang out all the time.)
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mvictor One note I'd give here is that this question creates a meaning issue that does not appear in the original article. The article says that "oil-dependent economies like Saudi Arabia and Venezuela" have a reason to embrace reform. So it is using the word "economies" to refer to the actual countries and say that these countries have a reason. However, in the SC version, we are using a possessive to refer to the actual economies of these countries. A country (or, more specifically, the leadership of that country) can have a reason to do something, but an economy cannot, so we have a meaning problem in B, C, and D.
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The oil-price drop creates vast numbers of winners in countries like India and China and give oil-dependent economies like Saudi Arabia's and Venezuela's an urgent reason to embrace reform.


if the intention is to provide an example, then we need to use ''such as'', not ''like''. Since (A), (B), and (D) uses ''like'' in place of ''such as'', we can eliminate (A), (B), and (D).

C. such countries as India and China and gives oil-dependent economies such as Saudi Arabia's and Venezuela's an urgent reason to embrace reform. - has no error. Hence, (C) is the right answer choice.

E. such countries as India and China and gives oil-dependent economies such as Saudi Arabia and Venezuela reason to urgently embrace reform.
- here, the term ''economies'' is being compared to the countries ''Saudi Arabia'' and ''Venezuela''. 'Economies' cannot be compared to 'countries'.
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