Acme Ai
A
अ
GS Paper IUPSC Prelims 2024
Current Events
Question No. 8Interactive Test Mode
00:00
+2-0.66

Q8. 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?

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?

Select the correct option below (or cross out options to eliminate)
PrevNext Question

Official Answer Key & Detailed Solution

3D PYQ Realm

Ready to check the official UPSC Answer Key?

Click any option above to test yourself under exam conditions, or reveal the explanation directly.

Official UPSC Answer KeyUPSC Prelims 2024 • International Relations and Current Affairs

Correct Answer: Option (D) — Statement-I is incorrect, but Statement-II is correct

Concept & Option Breakdown

Standard Reference Verified

Statement-I is incorrect: Venezuela continues to face a deep economic and humanitarian crisis, with millions of citizens continuing to emigrate. Statement-II is correct: Venezuela holds the largest proven oil reserves in the world (over 300 billion barrels), surpassing Saudi Arabia.

Reviewed by Avinash Sir & Acme AI Research Team

Practice Full-Length & Sectional Prelims Mocks on this Interface

50 simulated tests in the APT Prelims Test Series (₹1,493) or 1-on-1 Mentorship with Avinash Sir.

1-on-1 MentorshipOpen Test Platform

Question Specifications & Syllabus Mapping

Examination & YearUPSC Civil Services Preliminary Examination 2024 (Q8)
Paper & Marking SchemeGS Paper I • 2 Marks (-0.66 Negative for incorrect response)
Syllabus Subject & TopicInternational Relations and Current Affairs → Current Events
Official Answer KeyOption (D) — Statement-I is incorrect, but Statement-II is correct

Related & Repeated Prelims PYQs (1)

Questions from other UPSC Prelims years testing the same or closely linked concept.

View Cluster in 3D Graph
2023 • Q11281% Match

Consider the following statements: Statement-I: Switzerland is one of the leading exporters of gold in terms of value. Statement-II: Switzerland has the second

Geography • Human & Political GeographySolve

More PYQs from International Relations and Current Affairs (Current Events)

Master the International Relations and Current Affairs syllabus cluster by practicing these related previous year questions.

View All International Relations and Current Affairs PYQs
2024 • Q1Current Events

Consider the following countries: 1. Italy 2. Japan 3. Nigeria 4. South Korea 5. South Africa Which of the above countries are frequently mentioned i

International Relations and Current AffairsPractice
2024 • Q2Current Events

Which of the following statements about ‘Exercise Mitra Shakti-2023’ are correct ? 1. This was a joint military exercise between India and Bangladesh.

International Relations and Current AffairsPractice
2024 • Q3Current Events

Consider the following pairs: | | Country | Reason for Being in the News | |---|---|---| | 1. | Argentina | Worst economic crisis | | 2. | Sudan | Wa

International Relations and Current AffairsPractice
2024 • Q4Current Events

Consider the following statements: Statement-I : Sumed pipeline is a strategic route for Persian Gulf oil and natural gas shipments to Europe. Stateme

International Relations and Current AffairsPractice
2024 • Q5Current Events

Consider the following statements : 1. India is a member of the International Grains Council. 2. A country needs to be a member of the International G

International Relations and Current AffairsPractice
2024 • Q6Current Events

Consider the following statements: Statement-1: There is instability and a worsening security situation in the Sahel region. Statement-II: There have

International Relations and Current AffairsPractice
2024 • Q7Current Events

Consider the following statements: Statement-I: The European Parliament approved The Net-Zero Industry Act recently. Statement-II: The European Union

International Relations and Current AffairsPractice
2024 • Q9Current Events

Consider the following statements regarding World Toilet Organization : 1. It is one of the agencies of the United Nations. 2. World Toilet Summit, Wo

International Relations and Current AffairsPractice

Frequently Asked Questions — UPSC Prelims 2024 Q8

What is the official answer for UPSC Prelims 2024 GS Paper I Question 8 (International Relations and Current Affairs)?

The official UPSC answer key for this 2024 International Relations and Current Affairs (Current Events) question is Option (D): "Statement-I is incorrect, but Statement-II is correct". Correct attempts carry 2 Marks with -0.66 Negative penalty for wrong answers.

Which UPSC Prelims syllabus topic does this 2024 question belong to?

This question belongs to GS Paper I under the subject "International Relations and Current Affairs" and micro-topic "Current Events". You can explore all repeated questions from Current Events in Acme AI's 3D Prelims PYQ Realm or practice 50 full-length and sectional tests in the APT Prelims Test Series.

How can I solve this Current Events UPSC Prelims question using option elimination?

To solve Current Events questions in UPSC Prelims, identify extreme modifiers, verify core NCERT conceptual definitions, and eliminate mutually contradictory statement pairs before locking your final option.

Beyond Previous Year Questions

Structured Prelims Practice & Mentorship

Pair previous year question analysis with full-length simulated mock tests and 1-on-1 faculty guidance.

APT 2027 • 50 Prelims Tests17% OFF

Acme Prelims Test Series (APT)

Built to eliminate 1/3rd negative marking losses and 50–50 option traps through structured simulation and NCERT-backed keys.

  • 50 High-Yield Tests: Subject Sectionals, Current Affairs, CSAT Paper II & Full-Length Simulators
  • 1/3rd Penalty & Trap Analytics: Identify whether marks are lost to over-attempting or conceptual gaps
  • Option-by-Option NCERT Keys: Detailed distractor analysis and elimination logic for every question
  • Custom PDF-to-Mock Generator: Convert your revision notes or current affairs PDFs into practice tests
Complete 50-Test Package
₹1,493₹1,799• Valid till Prelims 2027
Explore APT Test SeriesTry Free Mock
1-on-1 Personal MentorshipCapped at 10 Seats

1-on-1 UPSC Mentorship with Avinash Sir

Weekly 1-on-1 strategy reviews, daily study accountability, and personalized MCQ attempt audits with an experienced UPSC mentor.

  • Weekly 1-on-1 Sessions: Direct mentorship with Avinash Sir (Former Plutus IAS Mentor, UPSC & UPPCS Mains Written)
  • APT 50-Test Series Included: Full Prelims GS1 & CSAT test series bundled at no additional cost
  • Mock Attempt & Elimination Audit: Question-by-question review to calibrate your risk and attempt accuracy
  • Prelims & Integrated Tracks: Available as dedicated Prelims mentorship or end-to-end Prelims + Mains guidance
Prelims & Integrated Tracks
17% OFF• Includes APT 50-Test Series
Explore 1-on-1 MentorshipCompare Tracks
Previous QuestionConsider the following statements: Statement-I: The European Parliament approved The Net-Zero Industry Act recently. Statement-II: The European Union intends to achieve carbon neutrality by 2040 and therefore aims to develop all of its own clean technology by that time. Which one of the following is correct in respect of the above statements?
Next QuestionConsider the following statements regarding World Toilet Organization : 1. It is one of the agencies of the United Nations. 2. World Toilet Summit, World Toilet Day and World Toilet College are the initiatives of this organization, to inspire action to tackle the global sanitation crisis. 3. The main focus of its function is to grant funds to the least developed countries and developing countries to achieve the end of open defecation. Which of the statements given above is/are correct?