Assertion (A): BRICS seeks to reform global financial institutions like the IMF and the World Bank.
Reason (R): BRICS countries collectively hold significant voting power within the IMF, enabling them to implement reforms easily.
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.