The question consists of two statements, namely, Assertion (A) and Reason (R). Use them to choose the correct alternative.

Assertion (A): During the British rule, India’s exports exceeded the imports leading to surplus of balance of trade.

Reason (R): The surplus of balance of trade was used for growth and development of India.

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 false but R is true
4
A is true and R is false

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