Read the Assertion and Reasoning and select the correct option.
Assertion (A): The Reserve Bank of India is the apex organisation in the Indian money market.
Reasoning (R): In April, 1988, it set up the Discount and Finance House of India (DFHI) to perform the function of stablising the money market in India.
1
(A) and (R) both are correct ; and (R) is the right explanation of (A).
2
(A) and (R) both are correct ; but (R) is not the right explanation of (A).
3
Both (A) and (R) are incorrect.
4
(A) is correct ; but (R) is incorrect.