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

Assertion (A) The Trade Related Aspects of Intellectual Property Right (TRIPS) is highly important as it gives protection to the holder of IPR that can be claimed by an individual or a group of individuals or a company of a geographical region.

Reason (R) It states the minimum standards for regulating various forms of intellectual property by national governments as applied to nationals of other WTO member countries.

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

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