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?
(a). Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
(b). Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
(c). Statement-I is correct, but Statement-II is incorrect
(d). Statement-I is incorrect, but Statement-II is correct
Explanation:
Statement I: Incorrect: Venezuela has been experiencing a severe economic crisis for several years, leading to massive emigration. There has been no rapid recovery, and the situation for many Venezuelans remains dire.
Statement II: Correct: Venezuela does indeed possess the world's largest oil reserves.
Therefore, the correct answer is option (d)