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) Countries like India have heavily relied on assistance from IMF.
Reason (R) It is a centralised institution of the international monetary system. The objective is to avert any crises in the system by motivating the countries to adopt and practice sound economic policies.
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