Assertion (A): The British East India Company was established in England to have trade relations with India.
Reason (R): The balance of trade with England was always favorable to India.
Choose the correct answer:
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.