Answer : 1. "Caspian Sea"
Explanation :

The largest lake in the world by both area and volume is (A) Caspian Sea. The Caspian Sea, although called a "sea," is technically the largest lake on Earth. It is located in Central Asia and is bordered by five countries: Russia, Kazakhstan, Turkmenistan, Iran, and Azerbaijan. The Caspian Sea has significant economic and environmental importance for the surrounding regions and plays a crucial role in the geopolitical landscape of the area.