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. (a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
2. (b)Both Statement-I and Statement-II are correct, but Statement-II does <i>not</i> explain Statement-I
3. (c)Statement-I is correct, but Statement-II is incorrect
4. (d)Statement-I is incorrect, but Statement-II is correct