Consider the following statements: Statement-I: Recently, Venezuela has achieved a rapid recovery from its economic crisis and succeeded in preventing its people from fleeing/emigrating to other countries. Statement-II: Venezuela has the world's largest oil reserves. Which one of the following is correct in respect of the above statements?
Select an option to reveal the answer and explanation.
A medium International Relations multiple-choice question from UPSC Prelims 2024. Attempt it above, then check the correct answer and detailed explanation below.
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Correct answer: D. Statement-I is incorrect, but Statement-II is correct
Statement-I is incorrect — Venezuela has not achieved a rapid recovery and millions of its people have emigrated. Statement-II is correct — Venezuela holds the world's largest proven oil reserves. So option (d).
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