Often referred to as 'the Saudi Arabia of Latin America' due to its vast oil reserves, which South American country has experienced significant economic and political challenges in recent decades?
✓ Correct Answer: Option B
Venezuela possesses the largest proven oil reserves in the world, earning it the moniker 'Saudi Arabia of Latin America,' despite facing severe economic and humanitarian crises.
📚 About This General Knowledge Practice Question
This 4-level General Knowledge question from the Capitals & Currencies topic is part of One Paper Preparation's free exam preparation library. Each question includes the correct answer and a detailed explanation to help you understand the underlying concept, not just memorize the answer.
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