(b) Weight of body
$=$ weight of water displaced
= weight of oil displaced
$\Rightarrow \frac{2}{3}V\rho_{w}g = \frac{1}{2}V\rho_{0}g$
$\Rightarrow \rho_{0} = \frac{4}{3}\rho_{w}$
$\therefore$ Specific gravity of oil $= \frac{\rho_{0}}{\rho_{w}} = \frac{4}{3}$