Direction In the questions given below are two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct?

Assertion (A) Financial markets are a mechanism enabling participants to deal in financial claims.

Reason (R) The markets also provide a facility in which their demands and requirements interact to set a price for such claims.

1
(A) is true, but (R) is false
2
Both (A) and (R) are true
3
(A) is false, but (R) is true
4
Both (A) and (R) are false
5
Question Not Attempted

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