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?

Statement-I is incorrect. While Venezuela has seen some marginal economic improvements in recent years, it has certainly not achieved a "rapid recovery" from its profound and prolonged economic crisis. The country continues to suffer from hyperinflation, severe shortages, and widespread poverty. Consequently, it has *not* succeeded in preventing its people from fleeing/emigrating; on the contrary, Venezuela has one of the largest diaspora crises in the world, with millions having emigrated due to the humanitarian and economic situation. Statement-II is correct. Venezuela possesses the world's largest proven crude oil reserves. According to OPEC and other sources, its proven oil reserves significantly exceed those of Saudi Arabia and other major oil-producing nations, though much of this is in the form of heavy crude oil in the Orinoco Belt. Therefore, Statement-I is incorrect, but Statement-II is correct.