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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?

Miscellaneous 2024

Options

Both Statement-I and Statement-II are correct and Statement-II explains Statement-I

Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I

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

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