Consider the following statements regarding India as a rising power in the world:
Assertion: A multilateral framework cannot guarantee an increase in Foreign Direct Investment inflows although it threatens to adversely affect the quality of the inflows.
Reason: WTO has not been able to ensure the abolition of non-trade barriers being imposed on labour and environmental considerations, including the linkage in certain Generalised System of Preferences (GSP) schemes to these issues.
Which of the following statement(s) is/are incorrect?
1
Both Assertion and Reason are true, and the Reason is the correct explanation of the Assertion.
2
Both Assertion and Reason are true, but the Reason is not the correct explanation of the Assertion.
3
Assertion is true, but Reason is false.
4
Assertion is false, but Reason is true.