Q. Consider the following statements:

1. Chile is the largest producer of Copper in the world.
2. "Chileanisation of copper" refers to the process used in Chile for copper extraction.

Which of the above statements is / are correct?
Answer: Only 1
Notes: Chile is the largest producer of copper, contributing approximately 28% of the world's output. However, "Chileanisation of copper" refers not to an extraction process but to the government policy of nationalizing foreign copper mining companies in Chile, particularly during the presidency of Salvador Allende in the early 1970s.