Assertion (A): The International Monetary Fund (IMF) plays a crucial role in stabilizing the global economy by providing financial assistance to countries facing balance of payments crises.
Reason (R): The IMF provides long-term development loans to countries to fund large infrastructure projects.
Choose the correct answer from the options given below
1
Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).
2
Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
3
Assertion (A) is true, but Reason (R) is false.
4
Assertion (A) is false, but Reason (R) is true.