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.