Q. Consider the following statements about Venezuela:
1.Venezuela has the largest proven oil reserves in the world.
2.Venezuela produces more than 10 percent of total world oil production.
3.Venezuela is home to the highest waterfall in the world, Angel Falls.
How many of the above statements is/are correct?

[A] Only one

[B] Only two

[C] All three

[D] None

Answer: B
Notes:

Explanation:

  • Statement 1 is correct: Venezuela possesses the largest proven oil reserves in the world (around 303 billion barrels, about 17 % of global reserves).
  • Statement 2 is incorrect: Venezuela’s current oil production is far below 10 % of total global oil output (around ~1 % of world production).
  • Statement 3 is correct: Angel Falls, the world’s highest waterfall, is located in Venezuela.

Source- TH

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