Consider the following statements: Venezuela has the world’s largest oil reserves.

Consider the following statements: Venezuela has the world’s largest oil reserves.

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 opt…