UPSC CSE Prelims
Question 5
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 ?
View correct answer and explanation
Correct answer: D
Correct Option: D (Statement-I is incorrect, but Statement-II is correct)
Explanation: Venezuela continued to suffer mass outward migration amid economic instability; its very large proved oil reserves have not prevented these difficulties.
Statement / Pair / Item-wise Analysis:
I. Incorrect/False - A complete and rapid recovery halting emigration had not occurred.
II. Correct/True - Venezuela has the largest proved crude-oil reserves by standard estimates.
Option-wise Analysis:
A. Incorrect-Statement I is false: A complete and rapid recovery halting emigration had not occurred.
B. Incorrect-Statement I is false: A complete and rapid recovery halting emigration had not occurred.
C. Incorrect-Statement I is false: A complete and rapid recovery halting emigration had not occurred.
D. Correct-Statement I is false and Statement II is true.