Civil Services Prep

Prelims 2024 · Current Affairs · Question 47

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?

  1. Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
  2. Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
  3. Statement-I is correct, but Statement-II is incorrect
  4. Statement-I is incorrect, but Statement-II is correct

Answer

Statement-I is incorrect, but Statement-II is correct

Statement-I: Incorrect. Venezuela has faced a prolonged economic and humanitarian crisis, and large-scale emigration of Venezuelans has continued in recent years; it has not clearly "succeeded" in stopping people from leaving.

Statement-II: Correct. Venezuela is widely recognized as having the world’s largest proven oil reserves.

Answer: Since Statement-I is incorrect but Statement-II is correct, the correct option is (d).

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