Given below are two statements, one is labelled as Assertion (A) and the other is labelled as Reason (R).
Assertion (A): The low income countries are far more likely to borrow money to finance their public sector expenditure.
Reason (R): Governments need not repay their loans, along with interest payment.
In light of the above statements, choose the correct answer from the options given below:
1
Both (A) and (R) are true and (R) is the correct explanation of (A).
2
Both (A) and (R) are true but (R) is NOT the correct explanation of (A).
3
(A) is true but (R) is false.
4
(A) is false but (R) is true.