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

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